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.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

quite surprised you aren't at all tempted by other quality miners such as RIO or BLT on the basis that hard commodities will always be required and the current share prices are shot to pieces

And Kaz great trading stock .

hardly quality though :-)

If it goes up and down and you can trade in and out it's quality in my book !

jimmy b
I think you could follow copper prices and trade KAZ - as it is volatile

cynic.
I think RIO and BLT are too big and may be less volatile ?
Both FRES and KAZ have share prices a fraction of what they used to be, also the price of gold and silver

There must be many more Co's one could trade with an eye on commodity prices
besides FRES and KAZ. I only get an guide / indication from the commodity price,
and still have to use a lot of judgement whether I think it will go up or down.
So if I can avoid news and production reports etc and as long as the Co is sound
I do not worry too much about the Co, as it is essentially a trading play not a long
term hold. I do OK and seem to make many more profits than losses at present.

Bought back 5000 FRES and closed at 617 so was lucky to buy back without a loss

Kirk i have had a few trades on Kaz .
Watch it carefully there is often a good 10 points either way .

Thanks jimmy b I will -
I used to trade Antofagasta, but I just stick to the one share at the moment.

News on USA jobs out at 1.30 pm today so the price of gold and probably silver will
move then, because jobs affects USA interest rate decision in the coming months.
So I will be watching FRES at that time to possibly go long or short with CFD's.

I have an account with IG index which I do not use much now, but it is useful to see
many commodity and currency prices moving. Copper is on it also for KAZ.
Can you see moving commodity prices if so how ?

I use IG Index for most prices .

Bought FRES on friday afternoon after US jobs figures, at 602.80p, and now hoping
for a recovery in gold and silver prices,

Sold FRES 10,000 from Friday at 613p - now looking for next trade with FRES

KAZ did well again as well up nearly 11% at one point this morning .

jimmy b - thanks I will look into trading KAZ in relation to copper out of curiosity -

Wait for the next big leg down rekirkham ,iv'e had 3 very good trades with it ,however i do have one lot stuck at 2 quid.

question - just how bad will the chinese trade data be later this week?

jimmy - I shall not rush back in yet - Copper up almost 2% today ??

cynic - I did not know about Chinese data and will find out more

US dollar is down a lot for some reason - not sure how it will effect commodities,
so will have a cup of tea, then I guess I need to look at Bloomberg
or something

a little snip from IG ......

assurance provided by the Chinese authorities over the weekend suggests we may see better days ahead ....... when you hear that power usage, train freight and property markets are showing signs of improvement, domestic traders listen. This comes at a time when the central bank governor Zhou suggested the stock market sell-off was close to an end, while the CSRC (the regulator) also pledged to stabilise the stock market

=============

however, i believe there's "proper" trade data due to be published this week

I think China Trade Figures will be available at 3.00 AM tomorrow morning, Tuesday,
so will be out when London market opens.
That should be good, as no disturbance for us half way through our day.
I suppose it is forecast to be up or down, and I do not know what difference it makes to our markets.
I hope FRES drops tomorrow morning then I may take a gamble with it ?

personally i hope the figures are not so scary that they send the markets back into tailspin

Sold short FRES at 630p - reason I think gold and silver prices are not strong and may fall back - Hope I am right !

Bought back at 621p - was right about gold and silver