OXR - Oxiana Limited

[legs]

Thought it would go higher - not much today given the result

Give it a chance...only been open 43 minutes!! Sit back and relax

 

[angela200172]

Give it a chance...only been open 43 minutes!! Sit back and relax

sp drop back to $2.85.

Anyone else have any views?

 

[Sean K]

sp drop back to $2.85.

Anyone else have any views?

Buy the rumour, sell the fact. Happens all through the reporting season. People locking in profits, unless something out of the box is produced. The market must have expected the result...

 

[Sean K]

Although I think Heggarty is a bit of a wanker, OXR's chart is looking a little interesting. If it makes it to the green circle, then perhaps it might be a potential, if not actual breakout from this long sidways consolidation post May route. Probably needs to crack $3.50 for that...A bit like LHGs chart actually. Momentum looks to be just turning up.

 

[UraniumLover]

After Oxiana Chief executive Own Hegarty made a total idiot of himself in delivery of the profit results it makes me wonder about Management of this company.
Appearing on the front page of the fin looking like a man who couldn't do up his tie properly and making sweeping statements like the commodity boom will last forever wasn't the best image for the company.

 

[Sean K]

After Oxiana Chief executive Own Hegarty made a total idiot of himself in delivery of the profit results it makes me wonder about Management of this company.
Appearing on the front page of the fin looking like a man who couldn't do up his tie properly and making sweeping statements like the commodity boom will last forever wasn't the best image for the company.

LOL. Surely the commodity boom will last FOREVER! Classic. He said something else about OXR being the best company in the universe too didn't he....I actually thought he was just an enthusiastic CEO before this. What was in the punch at the meeting? Magic mushrooms?

 

[reece55]

After Oxiana Chief executive Own Hegarty made a total idiot of himself in delivery of the profit results it makes me wonder about Management of this company.
Appearing on the front page of the fin looking like a man who couldn't do up his tie properly and making sweeping statements like the commodity boom will last forever wasn't the best image for the company.

Guys
If you actually met/knew Hegarty, you would understand this is just his style........ I guess it can be little bit "in your face on the football field" style, but at least he is an honest kind of guy.

I have met him and deal with Oxiana on a very regular basis. Hegarty is a bull on commodities and makes statements like this because he honestly believes it. Hegarty is a terrific performer - his life is Oxiana. If you have ever tried to get in contact with him, you would understand he spends almost 24/7 either reviewing their existing resources or scouting the world for other opportunities. And his board and execs back him - they have unhedged production for this very reason. And for all those who have held since below 90 cents definitely wouldn't bark at the management of the Company (albeit they had a fair bit of luck on the commodity side).

On the T/A side, I would like to see a break above about 3.00, however I did trade the swing back to 2.90. Heavy volume on Friday, wonder if it is buyers or sellers - the annual financial's were just a little bit below expectations, but MBL appear to be backing them fairly heavily of late. Add the commod movement lately, I favour upward movement.

Cheers

 

[Seneca60BC]

I cannot understand why this SP is under $3.00

Result of 40c earnings per share is quite an achievement.

Anyone like to comment?

 

[BradK]

It is out of favour for some reason.

But, my 2c worth?

Price of Copper absolutely tanked in first few weeks of January. It is slowly recovering but Oxiana is treated like a two bit ho by the shorters and the day traders.

Personally, I think the worst is over - and that it will begin to charge through soon. When it gets back into the $3.30's I think it will run from there.

The danger is an overall market correction will halt its recovery. But, that is some EPS they achieved and it wont be long before we break out of the long term trending line and head north again.

I think confidence is the big issue here.

All the best

 

[misterS]

Kennas think you are right (although tech ignorant myself) Kitco site shows all base metals up in last trade - copper up for 3 straight weeks and 7% in a week. Lots of articles on both the "China back in town" and funds moving back into comodities in big way in 2007 - very positive stuff for Oxr and Zfx

 

[rederob]

First week of Chinese new year is behind us, and the funds have decided China will return in a week's time in "buying" mode.
Funds don't always get it right tho.
That said, the Ox mines gold/silver, copper, zinc and lead.
Gold and silver are returning to close in on highs of 2006, copper has clicked up 20% in a 3 weeks, zinc has jumped (on copper' back), while lead is writing new record highs as the days wear on.
The likes of Summit and Bannerman may well have uranium in the ground, and look good from an enterprise value perspective, but when will they be mining uranium?
At a similar price, OXR is delivering cash in spades.
If the speculative uranium bubble bursts, there could be some nasty headaches out there judging from the posts I read.
Can't see too much downside for OXR - none next week!

 

[nizar]

First week of Chinese new year is behind us, and the funds have decided China will return in a week's time in "buying" mode.
Funds don't always get it right tho.
That said, the Ox mines gold/silver, copper, zinc and lead.
Gold and silver are returning to close in on highs of 2006, copper has clicked up 20% in a 3 weeks, zinc has jumped (on copper' back), while lead is writing new record highs as the days wear on.
The likes of Summit and Bannerman may well have uranium in the ground, and look good from an enterprise value perspective, but when will they be mining uranium?
At a similar price, OXR is delivering cash in spades.
If the speculative uranium bubble bursts, there could be some nasty headaches out there judging from the posts I read.
Can't see too much downside for OXR - none next week!

Rederob.
Im suprised you still hold this one, i folded it ages ago.

Regardless of how much money the company is making, as investors/traders we dont make anything unless the share price goes up.

The chart looks disgusting. Try to look at OXR a bit more objectively.

 

[rederob]

Rederob.
Im suprised you still hold this one, i folded it ages ago.

Regardless of how much money the company is making, as investors/traders we dont make anything unless the share price goes up.

The chart looks disgusting. Try to look at OXR a bit more objectively.

The Ox is mining reserves with a 15 year lifespan.
That's going to ride through a few corrections, so I'd rather not try to "trade" this one.
As I said previously (I think), the tax man will do well if I sell OXR: I'm not in supporting the dark side.

 

[Out Too Soon]

oxiana's a great rollercoaster, the only "disgusting" thing about this co. is the dividends, like BHP I dont know why they bother! Maybe a div once every 2 years would be more sensible.

 

[Seneca60BC]

quite a good run today, may have to get it all up 2morrow

 

[Knobby22]

oxiana's a great rollercoaster, the only "disgusting" thing about this co. is the dividends, like BHP I dont know why they bother! Maybe a div once every 2 years would be more sensible.

I use dividend reinvestment. It is the only company I do it for, but I think it is good value at the present price. Too many traders were in this stock but it is settling down nicely now and I expect it will be rerated sometime this year.

 

[Seneca60BC]

Well the Fin Review makes special mention today that OXR has a high CFD traded stock.

 

[Out Too Soon]

Hey Kennas!
Do you still have your radar on this one? it must be interesting chart wise, is resistance level currently around $3.17 ? Then $3.30ish & $2.98 the other way? Is it bumpily trending down or now breaking out?
I know why I love this stock, cause it moves so much! Never a dull moment.

 

[Sean K]

Hey Kennas!
Do you still have your radar on this one? it must be interesting chart wise, is resistance level currently around $3.17 ? Then $3.30ish & $2.98 the other way? Is it bumpily trending down or now breaking out?
I know why I love this stock, cause it moves so much! Never a dull moment.

Seems to be making a break through 3 important levels at the moment. Short and long term resistance at $3.00, and 200d ma. MACD confirming upward momentum and just passing through signal line is a bullish sign. Most gold related stocks are doing well however. Copper recovering has helped of course. And the AGC buy must be considered a good play.

 

[laurie]

We need another T/O rumour........lets see :

cheers laurie