Fresnilo

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: 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.


Thanks Remo
They are thieves and I don't recommend them to anyone, very often I need to contact them and fight for my money, they widen the spread whenever it suits them, I only use them temporary for learning as they have 1p spread on indexes and they allow small bet like 50p, maybe someone can recommend different company with that options?
They didn't accept my complaint today and said that 1226 was next price they could activate the stop as it moved too fast to stop at 1250 or nearer