Fresnilo

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

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.

Wreckless Eric wrote: 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.

983 is the next support for fres now..



support...983,,,935

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

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."