Ammo Pouch wrote:
It looks that FRES entry is coming sooner than predicted...

How weird is that though, Commodities are getting spanked - and the USD is, well, getting spanked!

Confused.com.net.org.

looks to me like that trendline is currently at 916, could worth keeping an eye on though.

937 is what I got the trendline at anyone else confirm?

Could be worth a long approaching the trendline of the recent uptrend.

I tried it to RC same result. Looked like a reasonable trade idea to me. Struggling a bit today on short term trades. However, I set my GKP to sell at 228 and it shot up so fast I got 136.5. 8.5p of slippage in my favour is always a welcome thing. Thanks for the idea all the same on FRES.

Stopped Out

Long @ 1297
SL below 1240

123 low formation breakout
This is from this weeks trading tips
This did have a 123 low before but the price came to the 2 level exactly after a big rally.
It finally broke out of a significant level today.

Possible 123 low forming????
A finish above 932 could give the signal but id prefer a finish above 935 as there is strong resistance there . Stops would be below the 2 point.


dl.dropboxusercontent.com/u/4899609/fres4thjuly.png



far away

dl.dropboxusercontent.com/u/4899609/fres4thjuly1.png

so one to watch ??

29 April 2013

PLACING OF 19,633,430 NEW ORDINARY SHARES OF FRESNILLO PLC

Background and Reasons for the Placing

Fresnillo plc ("Fresnillo" or the "Company") announces that it has agreed to issue 19,633,430 new ordinary shares of US$0.50 each (the "Placing Shares") representing approximately 2.74 per cent. of the number of existing shares of the Company (the "Placing") to funds and accounts managed by First Eagle Investment Management LLC (the "Placees") who are existing shareholders in the Company.

The Placing will ensure that Fresnillo plc is compliant with changes to the Ground Rules of the FTSE UK Index Series that require constituents to maintain a minimum free float of 25% or more.

The proceeds of the Placing will be used for general corporate purposes and the Company's working capital needs.

Details of the Placing

The Placees have agreed to subscribe for the Placing Shares at a price of £11.30 per Placing Share, a 1.99% discount to the closing price at Friday 26th of April. The Placing Shares will be issued credited as fully paid and will rank pari passu in all respects with the existing ordinary shares, including the right to receive all dividends and other distributions declared, made or paid on or in respect of such shares after the date of issue of the Placing Shares. The Placing represents an increase of approximately 2.74 per cent. of the current issued ordinary share capital of the Company and the Placing Shares would represent approximately 2.68 per cent. of the enlarged issued ordinary share capital of the Company.

The Company will apply for admission of the Placing Shares to the premium segment of the Official List of the Financial Conduct Authority (the "FCA") and to trading on the main market of the London Stock Exchange (together, "Admission"). It is expected that Admission will take place and that trading will commence on or about 1 May 2013. The Company will also file a notice with the Mexican National Banking and Securities Commission and the Mexican Stock Exchange in order to update the Mexican National Securities Registry.

The Placing is conditional, inter alia, upon Admission becoming effective. It is anticipated that the settlement date will be on or about 1 May 2013.

Mario Arreguín, Chief Financial Officer of the Company said:

"We are pleased that First Eagle, one of the Company's largest existing shareholders has agreed to increase its shareholding in the Company. We have made clear that we value our inclusion in the FTSE index and this placing will ensure that we retain that position."

First Eagle commented:

"We are confident long term investors in the business. We are pleased to have increased our shareholding in the company and look forward to its continuing success."

remo wrote:

Wreckless Eric wrote:

983 is the next support for fres now..



support...983,,,935

Heres the 1 min chart for the day..
you should be able to see that it did not gap down after the open.
City index has a habit of ripping people off.

Can someone please check if this share has gap down again a bit later after open up?
It filled my order at 1255 (set for 1260, what is ok) but I had a stop loss on 1250 which did not activate for some reason till it got to 1226,so I ca't inderstand why they sold it at 1226 and not nearer to 1250?
I am with City index and very often they do things like that to me, I keep contacting them and they correct error for me but it gets annoying when you have to watch them all the time
Thanks

Check the supports levels between the 50 and 61.8 fibs and you'll find the level. At work at the mo so can't post other than brief;)

With both 1200p & 1100p gone today, your 983p or lower looks likely, but as you suggest don't cathch a falling knife, current sp 1076p.

Where does the 983p come from, I see (902.84)903p(-61.8%) and 1153p(-50%)

Still on my watchlist for now.

I have no wish to put you off a trade but I can see this easily going to 983 ad possibly a little lower. For it to stop now would mean the correction is a flat but my indicators have not yet bottomed out. I think it would be safer to wait for a bounce rather than trying to catch the 'falling knife', but that's just a personal view so do your own thing and be lucky.

18p down for the day late on Friday with Silver/Gold falling

Large falls this morning with Aussie miners and gold/silver (low Q1 China GDP), some gold miners(-8% to -20%), might see that 1259p today Remo for FRES?

Question, how do you gauge the sp action with a fast approching intended entry price approaching?

(Lower stakes on 3 contracts rule; Gap downs; reset support target with fast moving market looking to go lower?????)

Up coming RNS, next Thursday (Q1 Production Report 18th April 2013)as per FRES website.

Doesn't like going below 1279p at present (close to 1276p & 1259p supports mentioned below)will 1200p & 1100p come into play?

Hi deadcatbounce
Id wait for a 123 low before its safe to jump in.Its not had a higher high since December.
That where the 123 low comes in
Otherwise its still in the down trend and very bearish. So its risky to go against the main trend. Unless your day trading and your planning to hold for short term trading

rsi starting to turn?

Looks bullish if US$26 odd and £12.59/£12.76 holds.

uk.finance.yahoo.com/echarts?s=SLV#symbo...off;source=undefined;


FRES: Is that a Wave 1 ? (November 2008 - September 2011)

That's bullish.

Quadruple bottom lol?

Watching this too...

dl.dropbox.com/u/4385922/Fres0504.png

This was a good shout, been short since you raised it

This one is still heading towards the full retrace.
This ones playing out very nicely
Im planning on going long at 1259 or very close to this with a tight stop on a first attempt basis. This area has got multiple supports attached to it.
Support comes from 1276 to 1259 so pretty close by together.
This looks like its heading to the rounded top target from a while back



support....1276,,,1259,,,1200,,,1140

All the minors are struggling

This is my 1000 post....lol...I need a holiday

This is breaking down currently.
This also respected the trendline yesterday so looking bearish. Recent death cross as shotry mentioned.
This one should be traded towards the short side as the trend is down

Death cross approaching fast on the daily chart. How significant is that?

Remo- my thoughts are along the same lines as yours. I was closely monitoring this stock and there isn't enough conviction to represent a buy. I think there is another leg to go which hopefully will provide some
Bullish divergences. Will be watching the candles very closely in the next leg down.

Gold is also retreating as I type. Hope I will manage to catch a good trade soon.

Im short on the back test of the trend line on this. My stops are above 1555 .
The reasons im short is due to the rounded top formation breakout and the fact that the 61.8 fib broke with ease and the main trend line broke.
My targets are 1250ish area as thats where the rounded top formation target is and also the full retrace.



dyor

This is currently at the 50%fib and the short term trend line and gap support all roughly at the same level. Give and take a few points.
Worth a long with a tight stop.


dyor

Theres a gap support and minor trend line near by.The gaps at 1638 and the minor trend line is at 1648.
If they go then it could head down to 1506 main trend line or the 61.8 fib.
The RSI is diverging currently.




dyor

Anyone has any thoughts about Fresnilo?

This is now hovering around the 50% fib of the recent rise.....

dl.dropbox.com/u/4385922/fres.png

I want to get this at possibly at the bottom of the range @ 12 but there is the trendline, 61.8% fib disturbing my grand plans:)