OXR - Oxiana Limited

[SGB]

Is the OX ready to shine?

Will need some positive news and continued gold and copper price rises to break a pretty hefty resistant area it now faces around 3.50ish - 3.60ish ( neckline, 200DMA, 23.6% fib and possible channel Line)
News in due shortly and hopefully its positive enough to keep buyers comming in to fill the gap @ 3.65 - 3.70.

Cheers
SGB

Humm... wasn't much hefty resistance going on, put it down to 1 day.

Hasn't the bulls rushed in the last couple of days. Volumn increasing, gap closed and 3 peeks to go to the OX is back into blue sky mining.

Did notice a $2M buyer at the death to finish OX on the high.

 

[j4mesa]

Man......
when I am shoritng this bull, it goes up like crazy....
when not, it goes like normal.

I think market just hates me that much....

 

[PhoenixXx]

Man......
when I am shoritng this bull, it goes up like crazy....
when not, it goes like normal.

I think market just hates me that much....

Don't mess up with the bull, felt pity for you, but just wanna say good luck pal. As most of us here would be enjoying the gain =)

 

[bloggs_oz]

I bought some put options in OXR on Friday. IMO this recent rally doesn't reflect the uncertainty that's in the market at the moment.

 

[explod]

Man......
when I am shoritng this bull, it goes up like crazy....
when not, it goes like normal.

I think market just hates me that much....

Anyone short OXR at the moment would have to be crazy. Copper has just hit a record high and OXR have just taken over one of the best copper pits ever, situated in South Australia. On top of this the gold price is in record terrotory and will continue to rise due to world debt paper problems.

And on the charts OXR is still below previous highs and if it goes through $4 in the next week, which looks likely, there will be little resistance to $5 IMHO

(Disclosure: I have clients in OXR at the moment)

 

[Lion King]

Good to see OXR slow down a little today. Although enjoying the ride at the moment, I would like to see it hit $4 by next week before re-evaluating SP posibility. All this talk of $5 is a little bit too enthusiastic for me however I would like to see it break its high first.

More drill results to come with positive outcomes will see this go beyond $4.20 by June.

Go the big OX

 

[3MT]

Anyone shorting this stock is playing russian roulette. When prominent hill goes into production q3, the stock will be re-rated upwards.

if you are shorting this stock you are betting that the market will correct in a big way.

 

[legs]

up 2% on a day the market fell 1.24%. It has done this a few days now, against the grain. Show's how positive the market feels about this little ripper. Topped up again when it was low $3. Cant get enough into my greedy little pockets.

 

[bloggs_oz]

Looks like oxiana was listed in the 'hot stock' section of The Age this week - http://www.theage.com.au/news/money/hot-stock/2008/02/25/1203788246761.html

 

[Egabeava]

The Ox & Zinifex have finally decided to merge, the link to the story so far http://www.theaustralian.news.com.au/story/0,25197,23309277-36418,00.html

 

[bigdog]

Two ASX ANN today

3/03/2008 Zinifex and Oxiana Merger - Investor Presentation
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00818772

03/03/2008 Zinifex and Oxiana to merge
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00818771

 

[j4mesa]

Hmmm....

Now that news is explaining the price action of OXiana recently...
But I guess the merfer between them is of a huge synergy

 

[Nyden]

I don't know if this is really a good thing ... people loved OXR because it's a primary gold/copper producer (which, especially gold - are fairly hot lately)

... is Zinc, & now Nickel (not quite in production yet!) going to be a liability to it's shareprice? Zinc isn't exactly strong, & is set to be in surplus for a while.

Granted, it's going to be a bigger entity - with greater diversification, but; I can't help but feel that OXR has diluted it's shares for driftwood, as let's face it - Century doesn't exactly have a lifetime ahead of it.


I fear both shares might be in trouble now - shareprice wise, that is. This may stem hopes for $4+ in the OX, which of course may lead to a fall ... which will lead to a fall in ZFX which is now directly tied to the price of the OX

 

[tradingforwealth]

Yeah but zinifex is still a cheap steal for OXR since ZFX's SP got hammered not rightly so IMO..

Anyway we'll see what happens..

I think the surplus is already taken into account and it will start to rise again and ZFX chairman was on ABC saying that and we should see a rise, as it should reflect the amount of iron ore that is being used as zinc is used to make steel.

 

[Nyden]

Well, we'll see. So far the market hasn't responded kindly ... even though the market is down, if it was seen as good news, OXR would have still risen (as ZFX did).

 

[legs]

Well, we'll see. So far the market hasn't responded kindly ... even though the market is down, if it was seen as good news, OXR would have still risen (as ZFX did).

Show me a takeover slash merger where the Company that is offering shares for exchange (i.e. Oxiana's in this case) where their price has risen the day of offer.... 1.76% down on a day that total market was down 2.89% is a very good result.

 

[Captain_Chaza]

Was not the Cash Balance /Cash on Hand in dollars in the ZFX bank account
"The Prize"?

If not? then
What is this merger all about?

Salute and Gods' speed

 

[Nyden]

Show me a takeover slash merger where the Company that is offering shares for exchange (i.e. Oxiana's in this case) where their price has risen the day of offer.... 1.76% down on a day that total market was down 2.89% is a very good result.

Yes, but that's the problem.

This has basically quashed OXR's run-up ... there was a good chance of the OX hitting 4+ in the short term, & that probably just isn't going to happen now. I just believe it's bad timing ... market as a whole (including commodity demand; which is partially being held up by speculation / hedging) is still very uncertain, & this is just exposing OXR to further risk.

ZFX didn't fall unjustly imo either, it's profits were basically cut in half, divvies were cut in half; so it stands to reason that the SP should be as well.

 

[legs]

Yes, but that's the problem.

This has basically quashed OXR's run-up ... there was a good chance of the OX hitting 4+ in the short term, & that probably just isn't going to happen now. I just believe it's bad timing ... market as a whole (including commodity demand; which is partially being held up by speculation / hedging) is still very uncertain, & this is just exposing OXR to further risk.

ZFX didn't fall unjustly imo either, it's profits were basically cut in half, divvies were cut in half; so it stands to reason that the SP should be as well.

Run up to what? $4?? The only reason the SP has risen 30% over the last week, has to have been due to this announcement. Maybe a 10% increase was normal market movement, but not the rest.

I assure you, you can thank this merger for getting OXR to over 3.50 recently. IMO

 

[Nyden]

Run up to what? $4?? The only reason the SP has risen 30% over the last week, has to have been due to this announcement. Maybe a 10% increase was normal market movement, but not the rest.

I assure you, you can thank this merger for getting OXR to over 3.50 recently. IMO

I think the stellar run up in the price of Copper, & gold has been responsible for this moreso? Copper has gone up somewhere near 20% in a few weeks... from 3.1-3.2 to nearly 4; which has majorly boosted sentiment.