OXR - Oxiana Limited

[vegemite]

Somewhere I read that it would cost OXR $50 million to pull out of the merger. I'd much rather see them spend this money than the $10 million or so on OH's payout. A fantastic investment opportunity - for $40 million they would be able to buy the half of OXR they have gifted away

 

[The Gman]

Me, I'm very disappointed (but not surprised) about the market's reaction in the short term but very happy to have the former nickel holdings of Allegiance back in my portfolio. Makes me glad I spent the money I made on selling AGM on more Oxiana.

 

[Mofra]

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.

Australian miners have made a habit of selling quickly, to offers which don't take into accoutn future value, simply because executives have a giant golden carrot dangled in front of them. WMC Resources looks like a masisve bargain to BHP for example.

Disc: Yes, I'm still bitter at MIM being sold for peanuts

 

[Go Nuke]

I agree with Lee - BoganOxifexstrata has a nice ring to it -especially at an inflated SP eh? It has been a long long wait for this mob to get it together.

ROFL.

What about BoganFX It has a F from Zinifex and and X from Oxiana

Yeah i think they could have come up with something better. but I suppose if your a shareholder you wont really care as long as your making money right?

 

[eddyeagle]

OXR hammered today - do people think that current levels of around $2.50 are worthy of a top up?

From a technical perspective $2.50 has been a solid resistance point in the past.

 

[oldblue]

OXR hammered today - do people think that current levels of around $2.50 are worthy of a top up?

From a technical perspective $2.50 has been a solid resistance point in the past.

Not too sure how relevant past resistance/support levels are now. It's a different company from Monday.
What do the techies think?

 

[explod]

OXR hammered today - do people think that current levels of around $2.50 are worthy of a top up?

From a technical perspective $2.50 has been a solid resistance point in the past.

A look at the 5 year chart tells me that at $2.50 it is close to dropping off to next level at $2 which is not as strong as the old $2.60 area. So further stock market shocks may see it tumble further. I know it is hard to fathom for a company with such fantastic reserves, but for me the global picture is dominant at the moment.

This is one of my very favourites on my Watcher. I am looking for a bottom entry (copper for example will be the next black gold. alternate electric power, gold and other great metals) but we are not there yet IMHO.

 

[golfmos123]

Yes OXR smashed on Friday. I wonder whether a lot of that was people flogging OXR and buying back into ZFX to take advantage of the conversion factor. Monday might be interesting with the Dow crushed again...another decent fall and OXR would come up on a number of screens I'd guess???

 

[LeeTV]

Yes OXR smashed on Friday. I wonder whether a lot of that was people flogging OXR and buying back into ZFX to take advantage of the conversion factor. Monday might be interesting with the Dow crushed again...another decent fall and OXR would come up on a number of screens I'd guess???

ZFX were smashed friday too.

ZFX -5.960%

OXR -6.590%

Be interesting to see what happens in the next few weeks.

What makes you say that about OXR on Monday should the DOW slide?

 

[mrbrisbane]

S o what is happening? The OXR and ZFX prices are now pretty much on parity and both are still falling - Is it stop losses kicking in or is there some major problem ?

I like them both and just want to put my ear to the rail b4 I buy up some more.

 

[SGB]

Here is a chart to confirm explodes post.

The thing is now is how you want to interpret what value is and what cheap is. Both do not discriminate in this environment.

Are you in for the long haul or just there to make a quick buck?

The reason I bring this up is up because I have seen so many Small Cap energy stocks (PES, MPO to name a couple) that have gone through the roof at the moment because of the energy sector. Now are they worth (share price) the same amount as OXR.

Look at what this merger brings to the table. Crunch the numbers and you can see if there is a comparison with Mark Cap, projects, cash in bank to some of these energy plays you will find that OXR/ZFX is way in front.

So it all comes back to the first question, what do you interpret value is... and make no mistake it is in a downward trend and could head to the 2.10 bump on the left.

SGB

 

[golfmos123]

ZFX were smashed friday too.

ZFX -5.960%

OXR -6.590%

Be interesting to see what happens in the next few weeks.

What makes you say that about OXR on Monday should the DOW slide?

I guess what I was saying (without saying) is that if our market follows the DOW sharply down on Monday, then OXR is going to appear as either a screaming sell as it retreats towards $2, or is a screaming buy as it has been oversold.

This is precisely what SGB has indicated in his post with the chart.

I hold a fair wad of OXR bought just a couple of weeks ago. I figured it was an each way bet -long term value as well as prospect of a short term pop in price (was obviously wrong about that one on a 2 wk timescale at least!!).

 

[LeeTV]

OXR up 3.53% today, good to see. It will be interesting to see how this pans out over the next few weeks/months.

 

[MRC & Co]

Yes, good post once again SGB.

I too, value OXR much higher than it currently is, as far as some basic fundamentals. Projected earnings, risk, return and it's current balance sheet.

That being said, it is close to breaking that strong support level and would run further if it was to do so. However, I think the high volume coming in over the last several days signifies some accumulation for me. Not to mention, it has been on such a strong downtrend lately (without rest), a bounce is more than likely.

Definately one of the few I would go long despite the larger trend. Low risk entry also, with support just below, which could be used for the stop. Todays bar looked promising. Further weakness in the US could be the tipping point down, but any strength, could see a strong bounce IMO.

Cheers

 

[Miner]

You may have seen in the press recently, Zinifex and Oxiana’s intent to merge and create an exciting new force in the Australian mid-tier resources industry. This process has been completed, and we write to introduce you to the third largest diversified minerals company on the ASX – OZ Minerals.

OZ Minerals is now Australia’s third largest diversified mining company and is the world’s second largest producer of zinc as well as a substantial producer of copper, lead, gold and silver. With the scale and capabilities of this merged enterprise, we now have an historic opportunity to fulfil our vision of becoming a major minerals company. From day one OZ Minerals is ready for action and poised for growth.

The company currently has five mining operations located in Australia and Asia, three new mining projects in development and a large portfolio of exploration projects throughout Australia, Asia and North America. OZ Minerals also has a strong financial position enabling it to fund its growth ambitions through development of new projects and through potential acquisitions

OZ Minerals is a company focused on values – forging strong partnerships with host communities, employees, shareholders, contractors and suppliers – with a focus on adding value to all stakeholders.

Why are we contacting your directly about OZ Minerals?

Please note that until July 21 both Oxiana and Zinifex internet sites will still be visible and accessible, and all vacant roles will continue to be advertised there (and in the press as required). An interim merged company website will also exist as of June 23, and we invite you to access www.oxianaandzinifex.com to learn more about the merged organisation’s identity and intent.

The formal launch of the OX Minerals will July 21,"

Folks a birth of the new organisaton after merger of ZFX and OXR
I got this message from OXR

CHeers

 

[Gurgler]

Is it just me or is there a sense of buoyancy post 20 June. It's almost as if the sandbag has been jettisoned from the balloon and now it's up up and away! (mind you, we are only talking 2 days)

May the flight continue!

 

[The Mint Man]

I got in on this one friday arvo, just couldn't help it. I have watched this one for a fair while so when I saw that it had been getting smashed friday I decided to get in.... Just in time mind you, 3:59pm

I think this one could go for a bit of a run now however $3 may provide a resistance, if it gets past that who knows

Cheers

 

[Mofra]

Is it just me or is there a sense of buoyancy post 20 June. It's almost as if the sandbag has been jettisoned from the balloon and now it's up up and away! (mind you, we are only talking 2 days)

Seeing the new Ox up on on overnight copper low with the ~$2.50 support intact certainly appears bullish especially with the top of the 20/06 candle taken out.
Have to wonder how much the rise over the past two days is the fundies re-adjusting their positions post-consolidation.

 

[dj_420]

I actually liked OXR more before this merger, I think the zinc ZFX load will drag the stock down. The revenue will now comprise of 60% zinc sales which are looking very dismal on LME.

I suppose the upside is the fact that diversification helps to survive general industry downturns. But having said that I think it will take some time for the value of ZFX to shine through.

 

[MRC & Co]

I actually liked OXR more before this merger

I agree. I like OXR a lot more than ZFX. Zinc is pitiful at the moment, and OXR is in a great place at the moment. I think the merger is definatley a reason the SP has suffered.

Has now bounced off support as expected, looks promising for the short-term at least.