OXR - Oxiana Limited

[Seneca60BC]

LOL

 

[Out Too Soon]

Thanks for that Kennas but after todays action I suppose the charts dont make much sense thanks to the Chinese.

 

[Seneca60BC]

Thanks for that Kennas but after todays action I suppose the charts dont make much sense thanks to the Chinese.

LOL - oh dear - charting - so funny.

 

[bvbfan]

Added to position today at 2.82av, copper rebounding...Let see if metals can cope with GDP revisions and Helicopter Ben

 

[Sean K]

LOL - oh dear - charting - so funny.

Thanks for that Kennas but after todays action I suppose the charts dont make much sense thanks to the Chinese.

I always try and put the disclaimer 'probabilities' in any charting I have done. Unfortunately, a 'rumour' on a trading floor in Beijing is not included within the scope of probablities.

 

[Seneca60BC]

I always try and put the disclaimer 'probabilities' in any charting I have done. Unfortunately, a 'rumour' on a trading floor in Beijing is not included within the scope of probablities.

yea good point.

 

[Seneca60BC]

yes, hold tight OXR, I have top up 30000 more at $2.80, up up ...........thank you .

LOL looks like down down at the moment!

 

[Out Too Soon]

LOL looks like down down at the moment!

That's not funny. Don't worry Angela, a lot of us are holding from higher than that, the world wont come to an end, just mid term traders become long term investors. (That's me ATM)

 

[angela200172]

That's not funny. Don't worry Angela, a lot of us are holding from higher than that, the world wont come to an end, just mid term traders become long term investors. (That's me ATM)

Out Too Soon, thank you. I still hold my OXR shares. I am happy

 

[LPA]

This is my only really long term play - I'm going for 3 to 5 years on this one...unless of course there are outstanding circumstances.

 

[Out Too Soon]

I always try and put the disclaimer 'probabilities' in any charting I have done. Unfortunately, a 'rumour' on a trading floor in Beijing is not included within the scope of probablities.

Hey Kennas, the day your charting can take such variables into account you can tell us the meaning of life the universe & everything (43?) then disapear into a puff of logic.

 

[angela200172]

Hey Kennas, the day your charting can take such variables into account you can tell us the meaning of life the universe & everything (43?) then disapear into a puff of logic.

I don't know what happened to OXR the last 3 days - copper, gold and all metals price up and up, but OXR sp down and down, would you please tell me why? thank you.

Angela

 

[Seneca60BC]

I don't know what happened to OXR the last 3 days - copper, gold and all metals price up and up, but OXR sp down and down, would you please tell me why? thank you.

Angela

Hi Angela

Its a very thought-provoking question, my hunch is that due to the correction we had few days back, some are selling to minimise losses or crystalise profits.

cheers

 

[YELNATS]

I don't know what happened to OXR the last 3 days - copper, gold and all metals price up and up, but OXR sp down and down, would you please tell me why? thank you.

Angela

Hi Angela, maybe OXR is not flavour of the month as it was in 2005, then the year's best performing share. But not to worry, long term it's terrific value. regards YN (I hold OXR).

 

[bvbfan]

posted this elsewhere, just my thoughts...
Share price action this week is very disappointing but with the all scrip offer the arbitrage opportunities at the moment are too good to pass up if you are looking to hold OXR long term.
At the moment the arbitrage is about 11c (6c + 5c dividend) or a bit over 4% in 3 weeks which isn't a shabby return in this market. (6 weeks to hold to collect the dividend too)

I'd like to see it drop further so I can add further to my longs for both trading and long term

 

[Dukey]

Do you know off the top of yourhead when the ex-div date is??
Have been watching OXR for a while now.
waiting...

 

[chops_a_must]

At the moment the arbitrage is about 11c (6c + 5c dividend) or a bit over 4% in 3 weeks which isn't a shabby return in this market. (6 weeks to hold to collect the dividend too)

As Pauline Hanson would say... "Please explain?" Arbitrage between what exactly?

There seems to be a gradual bear campaign on all of the all rounders. E.g. RIO, BHP, FXR just to name a few. Definitely out of favour. OXR is still the pick of the bunch in this category for me though, even though I don't hold.

 

[Mac]

Do you know off the top of yourhead when the ex-div date is??

According to the info on the asx website it's showing as 11 April Dukey - http://www.asx.com.au/asx/research/...lts.jsp?searchBy=asxCode&allinfo=&asxCode=oxr

 

[bvbfan]

"Please explain?" Arbitrage between what exactly?

This is entirely on the premise that Oxiana (OXR) will get control of Agincourt (AGC) and using closing prices Friday

The arbitrage is in selling OXR shares at 2.69c and buying AGC at 1.69.
To do this you would sell 1000 OXR and simultanously buy (1000 / 0.65) 1539 AGC shares.

So you received 2690 - 2601 (excluding brokerage)
If the take over goes through, you end up with 1000 OXR shares which brings your net holding to 0.

To get the dividend you need to have OXR shares so you'd need to buy more AGC to get OXR shares. And technically isn't an arbitrage here because you are at risk on the surplus AGC to claim the dividend.

 

[BradK]

Look, im not saying that the chart doesnt look shocking - it does! We all have eyes
But, price of copper is recovering, great P/E, takeover target, and actually earning $$ and good $$ too.
When the AGC takeover is complete (currently 43% done I think), then I think we might see a bit of a recovery of the sp.

Brad