Floated in may '08 at a share price of 525p. Shares in issue Dec '08 717,160,000.
Based in Mexico & listed on the LSE FTSE 250 index. (FTSE100 March '09)
Miner of Gold, silver, Zinc & Lead in Mexico
Produces approx 3m Oz silver, 280k Oz gold, 20k tons Zinc, 17k tons lead p.a.(2008)
Fresnillo has three producing mines, all of them in Mexico - Fresnillo, Ci�nega and Herradura; two advanced development projects - Fresnillo II, Soledad & Dipolos; and three exploration prospects - San Juan, San Julian, Orysivo, as well as a number of other long term exploration prospects and, in total, has mining concessions covering approximately 1.3 million hectares in Mexico.
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Now what gf? Down 5%. Will it retry the DMA or more downside?
My simplistic chart seems to indicate more downside to come (RSI & MACD)

Think he got a wedgy harry........ so much for charting.,.

post 124 refers back to "research" done in early december, so it was all rather misleading and out of date

It came from iii on monday.

And your wrong READ the article..........

"I featured this very interesting share on 8 December with this chart updated on 29 December:"

All the mining sector is down today......and a lot more than this % wise.

SILVER hasnt fallen through support..........Bet still on.

the primary target was 850 which was not greatly above yesterday's level
anyway, it's not one for me

You still have read it wrong. Look at the chart from the 29th and exclude today........

do you get it now?.

Silver is a fair way from the floor.

1 day doesnt make a winter.

Your right about the mining sector GF, KAZ has taken a big hit...... another mistake.,.

Yup KAZ down nearly 20 % bit steep don't you think .

VED also down badly.

20% in a day...... jeez.

These markets this january are so volatile .

Last year we had a brill January from my trading diary bar the first week when the big boys were back from xmas and new year break, window dressing.

Bet it will change when Draggy announces QE for EC on 23rd?

sticks - i don't argue you with you on these things, but at the moment, the stock indices are an easier way of making money, for the very reason that everything is so volatile

Good point. Volatility is an indicies mans best freind.

Strange that Shortie is appearing though quite often on other threads.

Just out on Twitter.

TimesBusiness ‏@TimesBusiness 9 minutes ago
Court rules Draghi can push ahead with QE plan @DavidCharter
http://www.thetimes.co.uk/tto/business/economics/article4322906.ece …

The Times of London
View this content on thetimes's website
European Court rules Draghi can push ahead with eurozone QE
By The Times of London @thetimes
A massive programme of bond-buying by the European Central Bank was given the green light this morning, paving the way for it to spend hundreds of billions of euros to fight deflation. Government bond

Nice reversal on the SP. Still down but no where near the mining sector.

In fact right on the break up resistance line.

Nice opportunity for fans to climb aboard.

Moving up nicely, breakout confirmed now.

Part of the Numis note today:
"We revise our recommendations and target prices on the back of our new commodity price forecasts. Our ongoing caution on the mining sector appears well founded as price plunges continue unabated. 2015 looks set for another year of pain as a headwind of weak prices bite into company profits, despite some saving grace from lower oil and other input costs. As we highlighted in our last sector piece, downgrades, cost cuts, dividends and asset revaluations are likely to be atheme through this year as miners struggle to operate in a lower price environment.

On a longer term view, there is value to be had by sticking to quality names and avoiding risk, perceived or otherwise. We continue to recommend a more defensive stance with Acacia, Fresnillo and Petra our picks.

● Growth, Quality & Management. We stick with our defensive criteria; we move Acacia to a pick, replacing a fully-valued Randgold, a quality company which still has to prove its stripes, but has potential for high reward. The share price has been strong and looks overbought at these levels but we see plenty of room to deliver. Alongside Fresnillo and Petra, these all have superior growth profiles to counteract flat to falling commodity prices, high quality assets to weather any downturn and strong management to deliver on business plans. We have no copper pick given price headwinds, limited growth and short term challenges. Berkeley and Highfield are our favoured juniors, with quality projects in excellent jurisdictions and recovering commodities. Many other covered stocks have attractive investment opportunities but in subdued commodities which are struggling to see a positive price response.

Harry excelent broker note, do you subscribe to money ams broker site ?

From tuesday....... just found this on advfn.....

Motley Fool today > With profit having fallen over the last couple of years and its share price being 52% lower than three years ago, it's been a tough period for Fresnillo (LSE: FRES). Still, its shares continue to trade on a very rich multiple of 31 and, looking ahead to its growth forecasts, they seem to be worth it.
That's because Fresnillo is expected to increase its bottom line by 51% in the current year, followed by 34% next year. Part of the reason for this is its ultra-low cost base that, as the largest silver producer in the world, allows it to maintain relatively high levels of production while many of its rivals struggle to turn a profit.
As such, its bottom line looks set to benefit and, with a PEG ratio of just 0.6, investors in the company could benefit from a higher share price moving forward, too.

Nope. I just trawl around for info. I find most info is available without paying for it!