OXR - Oxiana Limited

[PorscheACE]

WOW!!! Final trades were MASSIVE!!!

Date Time Price ($) Quantity Value ($) Conditions
25-10-2006 04:24 PM $3.391 560100 $1,899,299.100 Portfolio Special Crossing,Crossed

25-10-2006 04:17 PM $3.391 1221500 $4,142,106.500 Portfolio Special Crossing,Crossed

$6 Million dollars of shares purchased at an average cost of $3.391 and high of $3.53.....SOME BIG NEWS FOR SURE...Thoughts people???

GO OX GO!!!

 

[MalteseBull]

WOW!!! Final trades were MASSIVE!!!

Date Time Price ($) Quantity Value ($) Conditions
25-10-2006 04:24 PM $3.391 560100 $1,899,299.100 Portfolio Special Crossing,Crossed

25-10-2006 04:17 PM $3.391 1221500 $4,142,106.500 Portfolio Special Crossing,Crossed

$6 Million dollars of shares purchased at an average cost of $3.391 and high of $3.53.....SOME BIG NEWS FOR SURE...Thoughts people???

GO OX GO!!!

thoughts....$4

 

[swingstar]

WOW!!! Final trades were MASSIVE!!!

Date Time Price ($) Quantity Value ($) Conditions
25-10-2006 04:24 PM $3.391 560100 $1,899,299.100 Portfolio Special Crossing,Crossed

25-10-2006 04:17 PM $3.391 1221500 $4,142,106.500 Portfolio Special Crossing,Crossed

$6 Million dollars of shares purchased at an average cost of $3.391 and high of $3.53.....SOME BIG NEWS FOR SURE...Thoughts people???

GO OX GO!!!

Third big day like this in as many weeks... so I'm not too excited. Tomorrow will be interesting, as it's closed right on the high made in July, so will be interesting to see if it retreats (like it has been) or pushes through. It's a very strong uptrend, so I think any counter-trend will be short-lived.

 

[legs]

I am tipping close to $4 by the end of today if the last few trades are anything to go by. Surely the momentum can stay for the early trading day.

 

[Nicks]

I just picked up some, I think at this price it is good value, Gold is holding and Zinc reserves are thin, next year should be a bumper for OXR.

 

[Nicks]

You know, I was thinking about this a bit more....

Im not sure how big a producer of Zinc OXR is, but I understand it is a reasonably large player. Now if ZFX forecasts it has suffered a production hold up, which will affect Zinc inventories and hence Zinc price, and as a result its SP rises due to the extra profit it will make from Zinc supply v demand, then surely this is even more so for others such as OXR that havent suffered a production impact and yet will benefit from the reduction in output from ZFX!? One would think if ZFX SP is rising due to the lower inventorues due to its own proudction output (catch 22) then others such as OXR SP are sure to follow suit at an even greater magnitude! This would mean that in OXR is undervalued in the short to mid (now to Q4 2007) so a SP increase to $4 or $5 could easily be achieved as we seee an increase in EPS and value of the company.

 

[Out Too Soon]

Very sensible reasoning Nicks. Only problem is I have come to the conclusion that the market doesn't run on common sense. Lots of profit taking today on the ASX all over inc OXR it seems $3.29 now, drops much more & I'll have to get back on board, I sold on the 13th, peaked on T/O rumour.

 

[bvbfan]

Well I've taken this opportunity to buy back my Nov 3.75calls and also gone long via CFDs

 

[nizar]

You know, I was thinking about this a bit more....

Im not sure how big a producer of Zinc OXR is, but I understand it is a reasonably large player. Now if ZFX forecasts it has suffered a production hold up, which will affect Zinc inventories and hence Zinc price, and as a result its SP rises due to the extra profit it will make from Zinc supply v demand, then surely this is even more so for others such as OXR that havent suffered a production impact and yet will benefit from the reduction in output from ZFX!? One would think if ZFX SP is rising due to the lower inventorues due to its own proudction output (catch 22) then others such as OXR SP are sure to follow suit at an even greater magnitude! This would mean that in OXR is undervalued in the short to mid (now to Q4 2007) so a SP increase to $4 or $5 could easily be achieved as we seee an increase in EPS and value of the company.

OXRs GG mines 140ktonnes of zinc (metal?) per year
Century mines about 550ktonnes

But that being said, OXR probably the 2nd biggest zinc producer on the asx. Too bad its not a pure play, or it would be about five bucks by now.

 

[legs]

Nice rebound so far today picking up some ground lost over past few trading days.
1:09pm

Code Last $ +/- Bid Offer Open High Low Volume
OXR 3.420 0.120 3.410 3.430 3.300 3.450 3.300 5,512,495

 

[Rafa]

Has the market forgotten about this share???
Zinc, Copper and Gold...

Something is not right here...

 

[chops_a_must]

I think so.

Hegarty is a genius. Has great reserves. Rights to seriously rich deposits of everything in China.

I think it has gone under the radar because it is not just a zinc miner, but is a zinc PRODUCER, so it is going to be cashing in on the high prices, not just running on speculation.

I got an absolute bargain with this one.

 

[legs]

Re: OXR - Oxiana Limited CHART??

Could someone provide a chart for this... is there a convergence happening here??? Thanks

 

[Sean K]

Not sure about any convergance?

Bit of spt there at $3.25, resistance at $3.50. Not too much to tell really.

 

[Rafa]

cheers for the chart...

the SP of OXR (and BHP to a lesser extent as well) is really surprising...
i am at a loss to explain it.

i certainly don't intend to put trading money in this (already have long term holdings) unless i can see a uptrend in place, as there are bigger winners elsewhere... (u, zn, etc) but surely, fundamentally, this company would have to be a big BUY at current prices.

 

[chops_a_must]

I'm a bit of a novice. What does the convergence show?

 

[rederob]

cheers for the chart...

the SP of OXR (and BHP to a lesser extent as well) is really surprising...
i am at a loss to explain it.

i certainly don't intend to put trading money in this (already have long term holdings) unless i can see a uptrend in place, as there are bigger winners elsewhere... (u, zn, etc) but surely, fundamentally, this company would have to be a big BUY at current prices.

Rafa
Brief, accurate and right on.
Only copper will let OXR down near term, but every other metal it mines is jumping ahead in price in leaps and bounds.
A $5 stock in the making, marked down because it is a camel.

 

[Freeballinginawetsuit]

OXR seems pretty fair value ATM Rederob, whats your call?,
or will it remain a camel for a while yet........!

 

[chops_a_must]

A $5 stock in the making

Or an attractive takeover target...

 

[rederob]

OXR seems pretty fair value ATM Rederob, whats your call?,
or will it remain a camel for a while yet........!

Freebees
I think it could get a little cheaper.
But I am reasonably sure that it has better potential than most mining stock, except a few uranium and zinc pure plays.
I rate it as a definite buy at present price, but not an "accumulate".
With momentum back in gold, it may be that OXR's copper values get put to one side. When this company puts out its next annual report, we will be in no doubt about its cash generating ability (I am in no doubt at the moment).
In the meantime, many other "sexy" companies are in the limelight: I think they should get their 15 minutes of fame, while OXR holds number one place in the record books.