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Add in the fact that metal prices have been down in the last week or so ( including zinc - Zinifex ).
Not surprising that OXR sp comes under some pressure but to me they look like good buying.
Disc. Holding.
I hold OXR too. Am also rather weary of them. Very erratic since early 2006. They climbed before that but I am beginning to think there are much better stocks around. It's not just the last week or so that they have been 'all over the shop'. Why hold them in preference to. say, EQN or FLX as just 2 examples?
Hi rick.
Fully agree that OXR have been a poor performer lately but I put most of this down to the "limbo" state of the ZFX merger and the uncertainty that has been created in some quarters about the wisdom of getting deeper into zinc.
I'm more attracted to the upside when Prominent Hill comes into production towards the end of the year, plus expansion plans there and at Sepon and Martabe.
I've never researched FLX or EQN but note the following:
FLX. I wish someone had flagged this back in Jan when the sp was still below $6! ( They probably did!). At $23 odd I'm not sure that the horse hasn't bolted.
EQN. Doesn't seem to have performed particularly well sp-wise lately. At first glance seems to have a lot more Country Risk and project execution risk than OXR.
Both companies warrant some serious research and I will try to find the time for this!
Out Too Soon
My real name is King Julian ;)
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Erratic is good in my book, both ZFX & OXR- 'swing like big swinging things' (I stole that from someone on this forum
) - timing is everything & while I don't hold right now I have BUY orders in for both. Its the lowest its been for nearly 6 months. Will the decline continue? I hope not.
I should have picked FMG It was a toss up between that and OXR. To make matters worse I bought in March and I paid a premium price for the shares. They have never really regained any ground since.
I should have picked FMG
It was a toss up between that and OXR. To make matters worse I bought in March and I paid a premium price for the shares. They have never really regained any ground since.Cant keep a good stock down for long, although I must say its been a while in OXR's case.
Its clear the company is 2009 and beyond growth story, it should pick up some momentum at the end of 08.
If your bullish on the stock and you want leverage may I suggest the long dated call options OXRY7 Dec 2010.
But please DYOR, this is just my opinion.
Cheers
Its clear the company is 2009 and beyond growth story, it should pick up some momentum at the end of 08.
If your bullish on the stock and you want leverage may I suggest the long dated call options OXRY7 Dec 2010.
But please DYOR, this is just my opinion.
Cheers
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do you think oxr might pull the pin on zfx before the forthcoming merger dealine due to forecast for zinc as opposed to copper/gold - merger is very different deal today compared to when initial deal was made.
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There are heaps of forecasts for the zinc price though, some say it's going to go down more some say up.
Macquarie for instance is bullish.
I say it'll be up in the longer-term as its a metal the world does need fundamentally.
I don't think Oxr will pull the plug but I'm not sure how its shareholders will feel.
As an owner of Mighty Ox shares I'm pretty happy with the merger.
Given the enthusiasm with which both companies announced the merger, and statements thereafter, I don't see anyone in the OXR camp looking to pull the pin at this stage. I think they'll be looking through the immediate price and concentrating on the long term plan. Besides, there's all that lovely ZFX cash to spend!
Sean K
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I agree there Kennas, also not impressed with the new name, I would have preferred if they kept Oxiana, of Oxifex, or even Zinox!!! Oz Minerals sounds a little boganish.
Anyway I suppose that is not a fundamental factor just a personal gripe
I dont know how long that name change would have taken to decide...
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I thought it was okay, I say it "O" "Z" Minerals to highlight the Oxiana/Zinifex Minerals.
Rather than Oz Bogan Minerals Beeroporation.
Did you guys see the new website?
www.oxianaandzinifex.com - the video is pretty cool and funny hhahaha Owen
Rather than Oz Bogan Minerals Beeroporation.
Did you guys see the new website?
www.oxianaandzinifex.com - the video is pretty cool and funny hhahaha Owen
Could anyone please explain the implications of the ZFX/OXR merger?
Will both ZFX and OXR shares become redundant and new OZ shares issued?
Have never been in this position before and would appreciate it if anyone could please educate me.
I currently have $3.00 August on OXR, so am concerned as to what may happen.
Thanks.
Will both ZFX and OXR shares become redundant and new OZ shares issued?
Have never been in this position before and would appreciate it if anyone could please educate me.
I currently have $3.00 August on OXR, so am concerned as to what may happen.
Thanks.
Could anyone please explain the implications of the ZFX/OXR merger?
Will both ZFX and OXR shares become redundant and new OZ shares issued?
Have never been in this position before and would appreciate it if anyone could please educate me.
I currently have $3.00 August on OXR, so am concerned as to what may happen.
Thanks.
look this website up, it explains it all:
http://www.oxianaandzinifex.com/
Oz minerals is the new name and new code OZL but they are using OXR valuation for the new price.
As an owner of both ZFX and OXR I'm hoping that this "merger of equals" will equal an overall better share price.
The new name "OZ" for an Aussie company?, well it was predictable wasn't it?
There is no reference to it being OZ because it's an aussie company, it's the "O" from Oxiana and "Z" from Zinifex.
"O(h)" "Z(ee)" Minerals...Not OZ.
O(h) Z(ee) sounds alot like 'Aussie'!
I hold both OXR and ZFX, and id prefer if they used the name Oxiana. I found the new OZ Minerals video amusing
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Posted this elsewhere
Urge OXR holders to think about this
Having a look at the details of the EGM to approve the name and other business. I'm seriously considering voting against the package given to Owen.
Sure he has done a great job but to sell out now and be given $9million I think shafts OXR holders again.
I'd be happy to approve the same package as a 9-10million option package exerciseable at 1c with exercise price of $7-8 in 2010 or so which is where OXR would have been in once the growth pipeline was brought on stream for Prominent Hill and Martabe + the Sepon expansion.
What really ****s me more than any other deal is that we didn't get a vote. I'm sure the deal wouldn't be approved by Oxiana holders, well certainly not at 50:50 to ZFX.
Looking at the performance of other zinc shares, they have dropped 30% or so. ZFX would bein the $7 range now and OXR probably still $3.25-$3.50 which probably would have made a 2.5 bid possible and given OXR holders roughly 55-60% of the new company.
Anyway, if Owen believes so much in this deal then he shouldn't have a problem having to wait like the rest of us for payment that he has now forced on us other holders.
I think it's a bit rich for him to pocket this for his retirement when this was going to provide retirement funds for quite a few people who I believe bought in the 10-20c area with that idea.
For the 1st time I'm seriously considering selling the lot of OXR I have remaining and putting the funds into a few other plays which I think will probably return 200-500% by the time OXR even gets to $6 in 2010 if that.
Be interested to see what other holders think of trying to block the retirement package given out. At least block it in its current form.
As I said I don't have a problem if Owen is forced to wait out like the rest of us are being made.
Urge OXR holders to think about this
Having a look at the details of the EGM to approve the name and other business. I'm seriously considering voting against the package given to Owen.
Sure he has done a great job but to sell out now and be given $9million I think shafts OXR holders again.
I'd be happy to approve the same package as a 9-10million option package exerciseable at 1c with exercise price of $7-8 in 2010 or so which is where OXR would have been in once the growth pipeline was brought on stream for Prominent Hill and Martabe + the Sepon expansion.
What really ****s me more than any other deal is that we didn't get a vote. I'm sure the deal wouldn't be approved by Oxiana holders, well certainly not at 50:50 to ZFX.
Looking at the performance of other zinc shares, they have dropped 30% or so. ZFX would bein the $7 range now and OXR probably still $3.25-$3.50 which probably would have made a 2.5 bid possible and given OXR holders roughly 55-60% of the new company.
Anyway, if Owen believes so much in this deal then he shouldn't have a problem having to wait like the rest of us for payment that he has now forced on us other holders.
I think it's a bit rich for him to pocket this for his retirement when this was going to provide retirement funds for quite a few people who I believe bought in the 10-20c area with that idea.
For the 1st time I'm seriously considering selling the lot of OXR I have remaining and putting the funds into a few other plays which I think will probably return 200-500% by the time OXR even gets to $6 in 2010 if that.
Be interested to see what other holders think of trying to block the retirement package given out. At least block it in its current form.
As I said I don't have a problem if Owen is forced to wait out like the rest of us are being made.
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