CanOz said:Wouldn't you think you would start to see some big moves by KZL and ZFX to cement thier positions in the industry by taking over some smaller zinc miners?
CanOz said:Wouldn't you think you would start to see some big moves by KZL and ZFX to cement thier positions in the industry by taking over some smaller zinc miners?
nizar said:KZL dont have enough cash to take someone over. They will grow their production enough without having to take over another company.
ZFX, on the other hand, are in the opposite position. They have plenty of cash, and will not be growing production significantly in the near future, so it makes sense for them to buy another producer.
This is just speculation, but i think CBH is prime for a takeover. What would be a good price? Normally i think its about 30% premium on average. $1/share sounds good
sleeper88 said:no way..i want 2.50 at least
Freeballinginawetsuit said:Nizar,
Hmmm, absolutely weird why didn't a takeover offer come a few months back when the SP was weak and undervalued
How much do Korea Zinc own of KZL?, and Insto's, Couldn't see them approving of a bid and back doorin Robinson, KZL's been a cash cow for them.
pacer said:Saturday's West Australian newspaper states that take-overs offers have been made and rejected .......will ther be more?....who knows....but it would have been nice to let the market know this.........earlier.
Freeballinginawetsuit said:I don't hold KZL anymore, I reckon their fair value ATM, won't go past 10 bucks by June and hence the return is no longer in them. Add that to the fact they have no policy on dividends so I would rather look elsewhere for another one with some of KZL's past growth record.
Freeballinginawetsuit said:I certainly think the market factors in the future with companies and a current SP of a Company reflects this. KZL is no different,
KZL's fundamentals as a Company have been known for some time as has next years growth in them as management see's it, in fact they posted it in July (predicted earnings), on that particular day the SP tried to run but pulled back within an hour. Why?, because punters were still unsure of Zn and future pricing, since then the market feels a bit more certain about Zn and hence all Zincors have basically doubled (and KZL).
The market always factors into a Company the future in its current SP,
To note I accumalated KZL back then as I already made my assumption on the Zinc outlook and am now happy to have made my returns on said companies. I am out at this point with KZL. You are quite quick to quote the returns of experts vs other punters Nizar. Well my returns on my Zincors doubled from June to October Nizar and I have chosen to realize these gains Nizar. What wrong with that!.
At the time I was adding my input to ASF when many on ASF, (the experienced ones), constantly stated what about risk etc etc!. Well I disagreed, I made my call on Zn prior to the masses, traded my plan and took my profits. The same with Nicklers.
By the way I like KZL as with some others, and would certainly trade them again if the situation presents.
I probably don't agree with many of the experienced crew on ASF, then again I don't agree with much of the norm in much I do, maybe I'm just weird . But hey Nizar, I'm pretty comfortable in life, have done well out of the stockmarket and am confident I will continue to do so.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.