OXR - Oxiana Limited

[DB008]

seems to be having a fair bit of resistance trying to get through the $4.00 barrier.....
Just needs a little push....

 

[Ashsaege]

Some new good news from Oxiana is needed to give it that little push. Has there been any updates or rumors on takeovers? ZFX?

 

[BankRoller]

Below is the only hint in recent times. Sounds quite a logical one given the location of PNA and copper and gold potential.

http://business.smh.com.au/where-the-mood-may-take-us/20071209-1fzg.html?page=2

Smooth sailing
The Laos copper-gold miner Pan Australian could prove a tempting target for Oxiana as it continues to report good news about its Phu Kham project.

The $US241 million ($274 million) first-stage at Phu Kham is under construction and should produce its first concentrate in the coming March quarter. But Pan is already thinking bigger. Last week it obtained a $US75 million debt facility to give it the funds to order a ball mill for an expansion of the project. In a rare move in the overheated mining sector, Pan thinks it will complete the second-stage of Phu Kham six months early. Phu Kham could therefore produce 65,000 tonnes of copper a year and 60,000 ounces of gold from 2010. That would make it similar in size to Oxiana's present operations at the Sepon copper-gold project in Laos.

 

[Nyden]

OXR has managed to go up! Nearly 1% there for a second, go the OX!

In seriousness though, wonder what's triggered that? Base metals aren't exactly soaring at the moment.

Edit: And minutes later; that was short lived

 

[2020hindsight]

just for the record
here's OXR for the last 2 years (High Low Close) + averages
Also OXR vs XAO for last 12 months (candlestix) + ditto (percent indicates relative preformance campared to datum of XAO)

PS I plan to do this to a few stocks - please feel free to either
a) help out an divvy the job up between a few of us
b) suggest amendments to graphs
c) request some stocks you'd like me to post (maybe PM me)
d) tell me it's not necessary lol (or too wasteful of memory maybe?)

 

[Uncle Festivus]

Oxiana may spin-off its gold assets into a separate initial pubic offering as the price of bullion soars on world markets.
The potential venture could be valued at more than a billion dollars as investors look for fresh exposures to the rising gold price.
Oxiana has already been approached by a number of local and international investment banks on the proposal.

http://www2.skynews.com.au/business/article.aspx?id=211126

 

[Nyden]

Oxiana may spin-off its gold assets into a separate initial pubic offering as the price of bullion soars on world markets.
The potential venture could be valued at more than a billion dollars as investors look for fresh exposures to the rising gold price.
Oxiana has already been approached by a number of local and international investment banks on the proposal.

http://www2.skynews.com.au/business/article.aspx?id=211126

I really hope they don't spin it off.

OXR's gold exposure is the main reason I hold them, they're basically a copper/gold producer with some side diversification.

With world markets sitting in uncertainty, I like OXR's gold exposure to at least help maintain a certain price range. Let's face it, OXR has hardly fallen as of late. 10 Days of straight losses, & we're still about even.

Has anyone crunched the numbers on any potential increase in profits with the current highs in gold? From what I recall from the last annual report, the cost to produce per oz was 300? I guess back then having the POG at 5-600, and now at nearly 1000 is a fair gain in profit. But, the US dollar might have hindered that considerably

Well, either way we'll find out on the 23rd when they issue their Q2 report.


Hoping for an interest rate reduction as well in the US, inflation equates to a rise in commodities & precious metals

 

[jet328]

I highly, highly doubt that OH would spin off the gold side of things. He's never hidden his growth ambitions for the Ox

The cynic in me would say this was cleverly timed (rising gold, falling ASX) to help the SP, and it worked well upto today. Oxr normally gets hit hard during corrections, doing alright this time

 

[Mofra]

Worth noting that Gold/Silver/Copper play PNA (mentioned as an Ox takeover target) has also held up relatively well recently, possibly some of that is to do with the takeover rumours.

If Owen wants to "hint" at possible moves in the future, I don't think too many shareholders will begrudge him in the current market environment.

 

[bloggs_oz]

I increated my holding in OXR yesterday at $3.39. In my view OXR provides significant long term value at this price; considering the prediction for copper prices over the next few years are high, and that Prominent Hill should be up and running shortly.

 

[legs]

I increated my holding in OXR yesterday at $3.39. In my view OXR provides significant long term value at this price; considering the prediction for copper prices over the next few years are high, and that Prominent Hill should be up and running shortly.

Where are the predictions for copper price high for the next few years? I believe Macquarie think it may be about $2-2.50.

 

[bloggs_oz]

Where are the predictions for copper price high for the next few years? I believe Macquarie think it may be about $2-2.50.

Here's a quote from an article at www.minesite.com, reposted at https://www.aussiestockforums.com/forums/showpost.php?p=244801&postcount=31

Down this way we’re looking at Goldman Sachs forecasts of copper at US$3.63 a pound for the next few years, roughly double the London view. Nickel is forecast to hold US$12.50 and zinc US$1.15. Other tipsters in the new world agree. Citigroup has copper at US$3 for several years to come, and nickel settling between US$11 and $US13 a pound. UBS has copper at US$3.25 a pound, easing to US$3, and zinc at US$1.50 a pound, easing to US$1.15.

 

[Ashsaege]

I quite like the OX as a long term investment. I will top up soon, though I feel it will probably keep heading south in the very near future.

 

[explod]

I quite like the OX as a long term investment. I will top up soon, though I feel it will probably keep heading south in the very near future.

Why do you believe it will probably keep heading south ?

In fact I think it was very oversold yesterday and found it a great opportunity to buy into a good slice for my super.

The attached chart indicates a reverse candle and the action Monday will support an upmove by the fact that gold firmed and copper rose 3.43% overnight.

I believe this to be one of the best value emerging companies on the ASX.

 

[explod]

Why do you believe it will probably keep heading south ?

In fact I think it was very oversold yesterday and found it a great opportunity to buy into a good slice for my super.

The attached chart indicates a reverse candle and the action Monday will support an upmove by the fact that gold firmed and copper rose 3.43% overnight.

I believe this to be one of the best value emerging companies on the ASX.

Very sorry for a missquote, copper rose 1.74% overnight, it was nikel that hit 3.43%...which supports my JRV

 

[Ashsaege]

Why do you believe it will probably keep heading south ?
ASX.

Because most things are heading south at the moment. Even when copper or other metals rise, the market hasn't always reacted the way we thought it should lately. The Ox is currently at $3.08, after losing 17cents today.

 

[Nyden]

Sold this morning at 2.71, already saved a fair bit!

Just wow, if this trend continues we'll see a 20% drop today on the OX

It's just sitting under the yearly lows, support to be broken, perhaps?

 

[Nyden]

Knew I should have re-bought some OXR yesterday! Instead I got stopped out :

Well done to those that bought, opening price is set to already by 2.9, if sentiment prevails could definitely erase yesterday's losses

 

[DionM]

Yeah I was so close to buying OXR yesterday ... soooo close.

Ah well, it'll probably drop tomorrow anyway (I say with a wince, as that drop that will save me a few cents on OXR will probably wipe several tho off my portfolio ... helluva way to get buying oppies .......).

 

[bigdog]

ASX ANN today

SP OXR $2.98 +$0.40 +15.50% 20,562,669 shares $60,486,888 @ 23-Jan 13:48:10

23-01-2008 09:03 AM OXR Oxiana December 2007Quarterly Activities Report Presentation
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00805035

23-01-2008 09:02 AM OXR Oxiana Quarterly Activities Report
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00805034

Highlights
Annual production and cost forecasts met at Sepon.

Zinc production slightly below target at Golden Grove.

Prominent Hill development progresses well and remains on schedule.

Sepon copper plant to be expanded.

Development of the Martabe gold project in Indonesia approved.