OXR - Oxiana Limited

[bigdog]

There was a big finish to the "after close trading" where it looks like 17,014,568 shares were traded for $66,865,418
-- I was having problems paging through the "course of sales" for the day.
-- perhaps too many trades

I imagine that brokers can only control the "after hour close trading" 4:00 to 4:10 PM

This volume and 6.5% increase indicates something is happening or about to erupt!

OXR $3.93 +$0.24 +6.50% high of $3.93 93,199,339 shares $359,377,985 @ 30-Nov 16:53:57

 

[3MT]

Wish I still kept my holdings. Good luck to those who still hold.

Noticed the recent outgoing director was still holding 900,000 plus shares. Nice payout.

 

[bigdog]

Take a look at the very late special sales after 4:10 PM trades

Another 31,502,994 shares $123,724,072 traded after the 4:10 PM close!

Sure looks like something is about to happen!!!!!!!!!!!!

OXR $3.93 +$0.24 +6.50% 98,958,578 shares $381,997,232 @ 30-Nov 18:18:05 (this excludes three later trades totaling 22.1 million shares)


Today: 30-Nov-2007
Time---- Price Volume--- Value----- Condition Codes
18:54:33 3.93 7,409,782 29,098,214 SXXT
18:48:17 3.93 12,438,264 48,845,063 SXXT
18:25:24 3.93 2,306,662 9,058,262 SXXT
18:13:43 3.93 3,713,901 14,584,489 SXXT
17:07:51 3.79 15,721 59,520 SXXT
17:00:06 3.93 34,870 137,039 LTXT
16:59:55 3.93 1,785,163 7,013,905 SXXT
16:59:35 3.93 34,870 137,039 LTXT
16:59:35 3.93 34,870 137,039 LTXT
16:59:06 3.93 57,905 227,682 SXXT
16:58:01 3.93 256,152 1,007,190 SXXT
16:52:01 3.93 83,355 327,752 SXXT
16:49:11 3.93 25,445 99,999 SXXT
16:48:30 3.93 86,431 339,674 SXXT
16:42:57 3.93 419,626 1,649,130 SPXT
16:40:32 3.93 92,439 363,285 LTXT
16:36:34 3.93 36,405 143,072 LTXT
16:36:23 3.93 104,473 410,579 SXXT
16:36:23 3.93 104,473 410,579 SXXT
16:31:43 3.93 1,834,001 7,205,790 SXXT
16:25:46 3.93 128,186 503,771 SXXT
16:17:08 3.93 500,000 1,965,000 SPXT

----- total 31,502,994 $123,724,072

 

[Nyden]

Take a look at the very late special sales after 4:10 PM trades

Another 31,502,994 shares $123,724,072 traded after the 4:10 PM close!

Sure looks like something is about to happen!!!!!!!!!!!!

OXR $3.93 +$0.24 +6.50% 98,958,578 shares $381,997,232 @ 30-Nov 18:18:05 (this excludes three later trades totaling 22.1 million shares)


Today: 30-Nov-2007
Time---- Price Volume--- Value----- Condition Codes
18:54:33 3.93 7,409,782 29,098,214 SXXT
18:48:17 3.93 12,438,264 48,845,063 SXXT
18:25:24 3.93 2,306,662 9,058,262 SXXT
18:13:43 3.93 3,713,901 14,584,489 SXXT
17:07:51 3.79 15,721 59,520 SXXT
17:00:06 3.93 34,870 137,039 LTXT
16:59:55 3.93 1,785,163 7,013,905 SXXT
16:59:35 3.93 34,870 137,039 LTXT
16:59:35 3.93 34,870 137,039 LTXT
16:59:06 3.93 57,905 227,682 SXXT
16:58:01 3.93 256,152 1,007,190 SXXT
16:52:01 3.93 83,355 327,752 SXXT
16:49:11 3.93 25,445 99,999 SXXT
16:48:30 3.93 86,431 339,674 SXXT
16:42:57 3.93 419,626 1,649,130 SPXT
16:40:32 3.93 92,439 363,285 LTXT
16:36:34 3.93 36,405 143,072 LTXT
16:36:23 3.93 104,473 410,579 SXXT
16:36:23 3.93 104,473 410,579 SXXT
16:31:43 3.93 1,834,001 7,205,790 SXXT
16:25:46 3.93 128,186 503,771 SXXT
16:17:08 3.93 500,000 1,965,000 SPXT

----- total 31,502,994 $123,724,072

Might just be time to upgrade OXR's "" to a in my signature! Hopefully ZFX is going to make a move :

Edited my post, was no longer relevant :

 

[legs]

So to just clarify this situation, the late trades haven't been priced into the SP and are they buy trades? I dont fully understand the coding. If they aren't factored in the price yet and are definately buy transactions, what effectively would the price be?
If they aren't defined as buy trades, could they be sell orders after a good day?

 

[Nyden]

So to just clarify this situation, the late trades haven't been priced into the SP and are they buy trades? I dont fully understand the coding. If they aren't factored in the price yet and are definately buy transactions, what effectively would the price be?
If they aren't defined as buy trades, could they be sell orders after a good day?

Today's jump is most likely just tied to a few facts - the fact that Copper has been rising quite well, & the fact that OXR has taken a slightly irrational beating as of late. Furthermore - there is speculation of OXR buying a mine off Rio.

Oxiana Ltd., the fastest growing of Australia's 10 largest mining companies, may bid for Rio's $1.25 billion Northparkes copper and gold mine, JPMorgan Chase & Co. analysts said.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aHteFwYWFhgs&refer=home

& last, but certainly not least -
http://www.oxiana.com.au/_data/docs/financial summary 07/msci_nov07_stpr.pdf

Geneva, November 5, 2007 - MSCI Barra, a leading provider of benchmark indices and risk management analytics
products, announced today changes to the MSCI Global Standard Indices that will be made as of the close of
November 30, 2007. These changes result from the November 2007 Semi-Annual Index Review and the first phase
of the transition to the MSCI Global Investable Market Indices Methodology.

May certainly explain the post-close volume.

 

[golfmos123]

Yes, something definitely in the wind. Thought the drop into the 350s was a little strange but it seems to have been the trigger for something. I guess we wait until Mon/Tues to see what shakes out. Nice SP rise for ZFX today as well - wonder if it is related???

 

[uhu]

HUH!!!!!!

When I wake up at about 7 am CET and i checked my portfolio I couldn't believe to my eyes. The volume was 6 fold....but now I noticed it was more, almoust 8fold....

Well, I have found only two news:
- OXR's bid for Northparkes copper and gold mine,
- OXR is competing with Anglo American Plc to buy a copper mine in India from Hindustan Copper Ltd

So, I don' understand it. When I noticed the extra volume I thought an other company have a bid for buying oxiana....so, this is unusual for me.
But, Zinifex also had a large volume....?share exchange between Zinifex and Oxiana?????

 

[legs]

This shows the volume and a comparison of the last years average daily volumes. It has to be a huge announcement. Lots more than when rumours boosted the price last time.

Any guesses what the opening price will be?

ASX will have to ask OXR for an explanation of volume wont they??

 

[Nyden]

This shows the volume and a comparison of the last years average daily volumes. It has to be a huge announcement. Lots more than when rumours boosted the price last time.

Any guesses what the opening price will be?

ASX will have to ask OXR for an explanation of volume wont they??

Read my last post, I think I explained what most of the volume was - especially the volume after the close. : ; funds were forced to purchase a certain percentage of stock.

As to monday's open - I think we can assume it will be a positive day. Copper once again rose, as did a lot of other base metals.

There's that strike at the Peruvian ports, blocking shipments of copper (yay)
And, well yeah.

 

[Flick15]

Well who knows where the sp could head from here and in case anyone missed this piece of news, could be interesting if India is added to the OXR melting pot:

DJ Five Cos In Running For India's Kehtri Copper Mine - Report 29/11/2007 08:24AM AEST

SYDNEY (Dow Jones)--Oxiana Ltd. (OXR.AU) is one of five companies shortlisted to take control of the Kehtri copper deposit in northern India, said the Australian Financial Review Thursday.

Citing Hundustan Copper Ltd. (513599.BY) executive director O.P. Singh, the newspaper said India Resources Ltd. (IRL.AU) and Anglo American PLC (AAL.LN) were also among five companies in the running for the mine.

Singh said the mine, currently closed after open-pit operations were exhausted, could support annual production of up to 16,000 tons of copper metal, and had extensive exploration potential."

 

[legs]

Read my last post, I think I explained what most of the volume was - especially the volume after the close. : ; funds were forced to purchase a certain percentage of stock.

As to monday's open - I think we can assume it will be a positive day. Copper once again rose, as did a lot of other base metals.

There's that strike at the Peruvian ports, blocking shipments of copper (yay)
And, well yeah.

Sorry but i wasn't asking for any reasons why the trades went through. It was/is obviously more than just strikes and funds being forced to buy certain amounts of shares, IMO. Show me where a share has traded nearly 8 x its daily average without a big announcement to follow. I would be very surprised to many instances at all, if any!

 

[imajica]

OXR smashes through the $4 barrier

3 December 2007
AUSTRALIAN STOCK EXCHANGE AND MEDIA RELEASE
SEPON COPPER OPERATION TO BE EXPANDED


Oxiana’s Board has approved an expansion of the Sepon Copper operation from 60,000t/a nameplate capacity to 80,000 t/a by 2010. The estimated capital cost is US$178 million and overall life-of-mine cash operating costs will be reduced by approximately 10%.
Background
Oxiana’s Sepon Copper operation in the Lao PDR commenced production in 2005, and in 2007 will produce 60,000t to 63,000t of copper metal cathodes. The operation is based on mining from the high grade Khanong deposit, with the nature of the ore allowing processing - via whole-of-ore leach, solvent-extraction and electrowinning - to final copper cathode metal on site. By the end of 2007 more than 150,000t of copper cathodes will have been produced since commissioning.
Exploration has seen further copper Resources discovered at the Thengkham North and Thengkham South deposits, approximately 7 kilometres west of the plant (Figure 1). These additional Resources, along with further exploration success in and around the Khanong orebody have justified an expansion of processing capacity. A full Resource and Reserve update will be published in March 2008.
Project Scope
Throughput of the plant will be increased from 1.35Mt/a to 2Mt/a. Introduction of lower-grade ore from the Thengkham deposits will see the head-grade reduced from 5.3% copper to 4.3% copper. Sepon will remain one of the world’s highest grade copper mines (Figure 2).
The main additions to the plant under the approved expansion will be a larger new primary crusher, an additional 8 CCD tank train, commensurate leaching capacity additions and 24 new electro-winning cells. A number of debottlenecking and improvement projects will also be undertaken within the expansion scope of works. Work will begin immediately and forecast construction completion is 4th Quarter 2009. Mine life will be in excess of 10 years

 

[uhu]

Well, I am really suprised. I have waited large volume and soaring price as we coluld see at Friday. And, I thought there would be an announcement or at least a small article about the reasons of the friday record volume....

But, now, I can see only a normal volume.

So, are there informations about these?

 

[overule]

The large amount of volumes you saw were because of options that have expired and they were forced to buy back a certain amount of shares.

 

[uhu]

OK.
But why was it happenned in one day and espacially the very end of that day?

Well, I'm optimistic. If there will not be an acquisition, OXR' share price will be duplicated in the next years. If there will be an acq, I will earn some money now...both scenario are good for me.

 

[bvbfan]

Forget options related activity (which I work out as about 6million from expiry)

The majority I suspect were requirements for the MSCI World Index inclusion to take effect this week.

Funds may have been doing some shuffling between funds.

 

[legs]

Aussie stocks higher; Zinifex up on takeover talk

Thursday December 6, 2007, 12:21 pm


(Adds Zinifex, updates indexes)

SYDNEY, Dec 6 (Reuters) - Australian shares rose 1.2 percent to a three-week high on Thursday, with U.S.-exposed firms such as Westfield Group (ASX: WDC.ax) leading gains after upbeat economic data eased fears of a recession in the world's biggest economy.

The benchmark S&P/ASX 200 index .AXJO rose 79.2 points to 6,587.3 by 0107 GMT, its highest level since Nov. 15, after falling 0.35 percent in the previous session.

New Zealand's benchmark NZX-50 index .NZ50 fell 0.4 percent, or 15.94 points, to 4,018.61. The top stock, Telecom Corp of New Zealand Ltd (NZX: TEL.nz) , was down 0.2 percent at NZ$4.32.

STOCKS ON THE MOVE

* Zinc miner Zinifex Ltd (ASX: ZFX.ax) jumped 5.5 percent to A$15.93, with dealers citing rumours that Swiss mining group Xstrata XTA.L may make A$20.00 per share offer for Zinifex, valuing the firm at A$9.7 billion ($8.4 billion).

There has also been market speculation in recent weeks that fellow miner Oxiana Resources Ltd (ASX: OXR.ax) might launch a bid of four Oxiana shares for every one Zinifex share.

 

[legs]

Big late move on OXR maybe the Xstrata rumour on ZFX was actually for Oxiana...they are soo close in speculation to each other. The same companies would be targetting both, no?

 

[explod]

Big late move on OXR maybe the Xstrata rumour on ZFX was actually for Oxiana...they are soo close in speculation to each other. The same companies would be targetting both, no?

With talk around the world of a copper shortage due to increasing demand from India and China I got into this yesterday. The reserve they have acquired in SA is something in my view.

It looks to be about to break the $4.00 mark also. Late in trade buyers have become very much larger than sellers so some considerable momentum could get up if we were to break this risistance area in the next day or so.