OXR - Oxiana Limited

[nizar]

Agree

Big instos will never let this get below $2.50

 

[tour]

OXR down, even with a bigger % today. 6 days striaght even with strong turnover figures. current copper inventory increasing not helping, hopefully BHP strike will kick in soon

 

[coyotte]

Coyotte
I emailed my very good friend David Tweed and he said he would be extremely willing to offer you an exceptionally fair price for your OXR holding.
Indeed, he willingly has decided to extend his offer to all stock holders.
Oh how I love him so!
He even volunteered to remove those ghastly sunnies for his next TV interview.

E-mail hasn't arrived yet !

 

[rederob]

E-mail hasn't arrived yet !

What!
I am shocked.
Who can one trust nowadays?


Tell you what, if you are holding any OXR shares I will buy them instead.
Can offer full market price plus 20%.
Will send you an immediate cheque for 10% of value and remainder in equal annual instalments.
Deal?

 

[coyotte]

Covered SHORTS nears close ( been SHORT since late July-- Bear Flag was the final Trigger to SHORT)

Could be a S/T rebound into mid-Sept

Cheers

 

[TheFlash]

What!
I am shocked.
Who can one trust nowadays?


Tell you what, if you are holding any OXR shares I will buy them instead.
Can offer full market price plus 20%.
Will send you an immediate cheque for 10% of value and remainder in equal annual instalments.
Deal?

Sure, you can have mine

 

[NettAssets]

I'm here to learn, make wise judgment and to create wealth...

Whoops......you just failed

 

[TheFlash]

Whoops......you just failed

it was a joke... I have confidence that there will be a turn upwards in the near future, I should've waited a little longer before buying in... It's experience and education at the least...

 

[michael_selway]

Agree

Big instos will never let this get below $2.50

Forward Terminal PE of 10

Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 5.6 34.8 26.9 24.2
DPS 1.0 2.0 2.0 2.5

EPS(c) PE Growth
Year Ending 30-12-06 34.8 8.0 523.7%
Year Ending 30-12-07 26.9 10.4 -22.7%

So 2.5 is about right

thx

MS

 

[rederob]

it was a joke... I have confidence that there will be a turn upwards in the near future, I should've waited a little longer before buying in... It's experience and education at the least...

Flash
I was buying OXR back in 2004 when everyone was saying it was going nowhere.
When you buy into value you get rewarded.
I have never sold any of my OXR shares and they are presently worth almost $150k - over twice what I paid.
I pay little attention to short term movements and would be buying more OXR but for the fact it's greater than 10% of my portfolio.
Gold, silver and oil will take off in the next quarter so I reckon it's just a matter of holding on.

 

[coyotte]

The Flash

Unless you are "day trading " OXR I would strongly suggest that you wait untill
it has cleared it's count-back ( from today's low to friday's high $2.92 ) before entering as a long --- untill then OXR is still a SHORT --- OXR has a good history with count-back

I only hedged my SHORTS today because OXR's recent history suggests that a decline below the Bollinger bands ( 20*2.0 ) will lead to a rapid S/T recovery


Can't see why $2.50 is a support level ,--- PE,s of mining stocks seem to be im'material


Cheers

 

[nizar]

Can't see why $2.50 is a support level

Because it bounced off it last time?

But my TA is far more inferior compared to yours

Can u perhaps enlighten us as to what u believe to be support levels?

 

[coyotte]

Because it bounced off it last time?

But my TA is far more inferior compared to yours

Can u perhaps enlighten us as to what u believe to be support levels?

Nothing to do with inferior/superior Nizar -- it's about probability.

OXR's recent Lows were $2.53 & $2.43 both on relativey HIGH volume
Both had neutral / low Acc/Dist
Both had breached the lower Bollinger Bands

This time round is on LOW relative volume
High and increasing distribution
BUT has breached the lower Bollinger Bands --- this is why I suspect a S/T
rebound (dead cat bounce) ---- there has not been enough volume yet for the eventual low -- where ever that is.

Cheers

 

[havingfun]

Radio commentary this morning said Prominent Hill Mine to be given final tick by Government any day , any idea what effect this will have on price or has this already been factored in????

 

[crayfish]

Did everyone see this on the web site? A bit of industry recognition for the Ox:

Oxiana wins "Digger of the Year" Award

Congratulations to all at Oxiana!

Last night Oxiana won "Digger of the Year" Award at the annual Diggers and Dealers Conference in Kalgoorlie, Western Australia.

Managing Director Owen Hegarty was honoured to receive the award. "This is a magnificent award. It is appreciated and valued and will be prized by all at the Mighty Ox. Thanks to all the Oxiana people they do a great job and I am proud of each and every one of them. Thank you to the judging panel for their profound wisdom and foresight".

In announcing Oxiana's award, Diggers and Dealers chairman Brian Hurley said Oxiana had "focused on a multiple commodity strategy and has without doubt established itself as having a significant future as a leader in the Australian resources sector".

Oxiana was a very popular choice for the award with the announcement being met by much cheering from the attendees.

Oxiana was the best performing stock in the ASX 100 index over the 2005/2006 financial year.

Owen concluded his speech by saying "some people have said to me that when you start winning these awards it is the beginning of the end. But like Winston Churchill said I think "this is just the end of the beginning" and as far as we are concerned the best is yet to come! On behalf of all of us at the Mighty Ox, thank you for this prestigious recognition."

10 August 2006
_______________________________

"this is just the end of the beginning" is analagous to his football game terminology...entering the second quarter.

Onwards and upwards...

 

[rwkni1]

The Ox is gonna fly next week.
BHP has just announced the closure of Escondida after unionised workers blockaded the mine enterance stopping contract workers from entering.
Copper will go nuts today on the LME, and unless there is a serious change in the way both parties are approaching the wage talks at Escondida, this strike could go for weeks to come.
Should be very interesting.

 

[crayfish]

The Ox is gonna fly next week.
BHP has just announced the closure of Escondida after unionised workers blockaded the mine enterance stopping contract workers from entering.
Copper will go nuts today on the LME, and unless there is a serious change in the way both parties are approaching the wage talks at Escondida, this strike could go for weeks to come.
Should be very interesting.

WOW! Cheers rwkni1. This is BIG news for copper. Watch it fly. Hold on to your seats boys and girls:


BHP Billiton closes Escondida mine ops
August 18, 2006 - 4:10PM

BHP Billiton Ltd has closed operations at the world's biggest copper mine and terminated negotiations with striking workers, opting instead to take legal action against the union.

The world's biggest diversified miner said union workers, seeking larger share of the benefits of spiralling copper prices, had blocked all access roads to the Escondida mine, located in Chile's Atacama Desert.

"This heightened union activity means we no longer feel that we are able to unequivocally guarantee the health and safety of our people or the integrity of the operations, infrastructure," said spokeswoman Emma Meade.

"As a result, Minera Escondida has today closed its operations and ceased negotiations with the union."

BHP said it will not negotiate with the union while it is carrying out "illegal activity".

"We will be taking legal action against the union to resolve this," Ms Meade said.

"We will only reopen the operations and restart negotiations when we are comfortable that we can guarantee the health and safety of our people and the integrity of the operations."

BHP Billiton said earlier this month that the strike action over pay at Escondida, the largest copper mine in the world, had slashed operating capacity to 40 per cent.

Suspension of cathode production also led to the mining giant declaring a force majeure on its copper concentrate contracts.

A force majeure is a contract clause that would free it from its contractual obligations due to an extraordinary event beyond its control.

Of the mine's 2,930 permanent staff, 2,052 are union members.

Earlier this month workers rejected an offer of three-year contracts including a three per cent rise in pay and bonuses.

It was an improvement over an earlier offer for a 1.5 per cent raise, along with a bonus and low-interest loans, but fell substantially short of a 13 per cent raise and $US30,000 ($A39,408.87) net bonus per worker the union was seeking.

BHP, due to release its annual results on Wednesday, is the operator of the mine with a 57.5 per cent stake while Rio Tinto holds a 30 per cent share.

 

[dubiousinfo]

OXR is due to report tomorrow & given the strong result by both BHP & ZFX, I had expected stronger support over the last few days.

Using just rough numbers, ZFX earnt nearly $1.1 Bn or $2.20/Shr at a P/E of around 5. It had an average zinc sell price of under US$0.90 a pound in the year just reported. The price of Zinc could drop 40% and ZFX would still report a similar profit next year. At anything near current prices its profit for this year could be $1.5 Bn or $3.00/Shr.

The markets lack of support for the profits being reported by the miners is disappointing.

I know prices cant stay at this level forever, but I really cant see a major collapse in the next 10 months.

 

[michael_selway]

It had an average zinc sell price of under US$0.90 a pound in the year just reported. The price of Zinc could drop 40% and ZFX would still report a similar profit next year. At anything near current prices its profit for this year could be $1.5 Bn or $3.00/Shr.

Hi how did u get an estimate of $1.5 Bn NPAT for thsi year

thx

MS

 

[clowboy]

he means this year as in the year that started 1/7/06