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FNLPF - Fresnillo plc: I Am No Longer Bullish
March, 17 2022 06:40 PM
Fresnillo Plc Ord
For many years, I was bullish about Fresnillo plc. However, most recently, I have changed my mind and now I am bearish. Shrinking gold and silver reserves are the most important factor behind my bearishness. The other factors supporting my thesis are high CAPEX and a gloomy production outlook for 2022-2024. I think that the company should increase its exploration spending and consider other jurisdictions (than Mexico). For further details see:
Fresnillo plc: I Am No Longer Bullish
Stock Information
Company Name:
Fresnillo Plc Ord
Stock Symbol:
FNLPF
Market:
OTC
Website:
fresnilloplc.com
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