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ZFX - Zinifex Limited

Re: ZINIFEX..ZFX

My exit at $2.80 a few months ago doesnt seem that bad now.
 

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Re: ZINIFEX..ZFX

the way chicken sees it....suckers sold to brokers..after all $30 million is not chickenfeed...brokers shorted the stock..to get in...Zinifex starts buying $70 millon of its own stock broker sells at a higher price to Zinifex...broker made good profit..broker happy..sucker unhappy..Zinifex will rise in price..end of story
 
Re: ZINIFEX..ZFX

Tech/a thanks for the chart.....shortselling will cease today as Zinifex will start buying shares as from the 1st April...brokers will make the $$$$...brokers will be very happy...one share offered for sale at $2.69...one only...brokers playing again :2twocents
 
Re: ZINIFEX..ZFX

Well,...I told you so...brokers laughing all the way to the bank...wait tomorrow Zinifex starts buying...$3.20 easly got by brokers..work it out on 20million shares if they make 30c..to 40 cents...great profit for them....
 
Re: ZINIFEX..ZFX

You sure your a chicken??
 

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Re: ZINIFEX..ZFX

Only up 18cents....Zinifex will start buying tomorrow...1.2 million shares wanted...its going to get intresting tomorrow...1stApril....read my previous posts to understand what is happening.... :2twocents
 
Re: ZINIFEX..ZFX

This is intresting..Zinc stocks have fallen by 200000 tonnes in the last 6 months and are continnuing to fall...well what have I said...ZINC is in short supply usage outsrips the minig and as long as CHINA uses this hugh stockpile its getting smaller...Zinc will be steady to up in price another posted said he bought more of ZFX as by the middle to end of year more people wanting these shares...and said also $4+++ will be the share price...brokers are having a ball and making a killing with stocks they got from..other people..I nearly sold out to but decided NO..so I am happy that I kept my shares..my target is again $4....LOLOLOLOLOLOLOLOLO :2twocents
 
Re: ZINIFEX..ZFX

Well how do you like that.....there now is buying recomendation from UBS...recomendation and target price $3.72...valuation $3.10....from NEUTRAL...to BUY...I told you the brokers were having us on...must have been right all along pity the ones who sold...looks like an easy ride now...read it on air dated the 1stApril....so what do you know :2twocents
 
Re: ZINIFEX..ZFX

Warren Buffet II said:
Well, I do not see where your numbers are coming form either. I'll give you some of my points, I'll give you the reference so you don't say I am making it up:

- Zinifex costs were 3% higher than forecast in first half year due to higher oil and other commodity prices affecting inputs. (Oil still going up) (Zinifex website, half year results)

- FY05 Second Half Forecast Assumptions (A$/t) Zinc 1,570 Lead 1150. (It is not $1400 per tonne, please recheck your numbers) (Zinifex website, half year results)



- I do not think it is a tiny part, this is how the mine work

"Ore is fed from a stockpile to the grinding circuit by conveyor, where it is ground by a SAG mill and a ball mill operating in series. Ore then passes to the flotation circuit where lead and zinc concentrates are produced."

That basically means that no zinc was produced in the last 11.5 days.

- So, some numbers:

This mine produces 500000 tonnes/year
Stopped 11.5 = 500000/365 * 11.5 = 15700 tonnes that they stopped producing.

15700 * 1570 (forecast assumption) = 24.6 millons

I would like to see where your numbers are coming from.

Regards,

WBII

well, as I predicted:

-Impact 14Millions (I posted 15 ot 16 mill)

- Lost production 17.700 tonnes

It is a shame that chicken did not post his 4 millions numbers :)

I would like to see more objective posts and not only speculation.

Regards,

WBII
 
Re: ZINIFEX..ZFX

NOW, who cares...the shareprice is going in the right direction...UBD..value the stock at $3.10...and have a target price of $3.73...and who are you to argue with them..ZILCH...because they say and advise..I was right the shareprice was manipulated down by the brokers...suddenly...recomendation by UBD...from NEUTRAL...to buy...to argue with you over nothing..well everyone is buying..not shorting..go and short it you loose your money..see it go to $3.73...and I was told they are looking at a shareprice of $4++++...so you can post as much as you like because I thought there was something odd about the situation...now see it go past $4..in the next 6 months..ZINC stockpile is reducing drastically....so..who will laugh last me..because their forecast is on the low side...its not what I say...but the advisers...you are just negative..do you ever make a $..with you attitude also when you read their article they say the loss was OVERDONE...the company has NO debt..making good $$$ and you are telling us the opposite..get of the grass..in fact watch people getting into this stock...they be climing over each other soon...watch and see :2twocents
 
Re: ZINIFEX..ZFX

chicken said:
As I said before your figures dont compute ,as when your average profit per day is around 350k....how can you come up with these redicoulous figures..as I said you would not like to ,because. what you posted does not compute...think...you might get a supprise...I say ,their loss is around $4 million..because you work it out ,use your calculator...because thats the only way you would get your figures...because ,the company will advise so you assume, well we will see what comes out but your no...dont compute... post facts not fiction...and the finacial times has been wrong many a times... :2twocents


I think you could at least apologize Chicken - your pretty critical of anyone who offers a difference of opinion and demand they post fact not fiction and then when they back themselves up you write them off.

Malachii
 
Re: ZINIFEX..ZFX

Speaking to my brother in law who is a trader ie chemicals, he said that his Chinese contacts came into town, and bought a tonne of zinc off Pasimenco to the value of 6 months production.

Thought people might like to know.
 
Re: ZINIFEX..ZFX

chicken said:
NOW, who cares...the shareprice is going in the right direction...UBD..value the stock at $3.10...and have a target price of $3.73...and who are you to argue with them..ZILCH...because they say and advise..I was right the shareprice was manipulated down by the brokers...suddenly...recomendation by UBD...from NEUTRAL...to buy...to argue with you over nothing..well everyone is buying..not shorting..go and short it you loose your money..see it go to $3.73...and I was told they are looking at a shareprice of $4++++...so you can post as much as you like because I thought there was something odd about the situation...now see it go past $4..in the next 6 months..ZINC stockpile is reducing drastically....so..who will laugh last me..because their forecast is on the low side...its not what I say...but the advisers...you are just negative..do you ever make a $..with you attitude also when you read their article they say the loss was OVERDONE...the company has NO debt..making good $$$ and you are telling us the opposite..get of the grass..in fact watch people getting into this stock...they be climing over each other soon...watch and see :2twocents

Well, there 2 ways of making money, one is trying to invent stuff so people get involved in the wrong moment (which you exercise very well: you only post the days this stock is up and when the zinc price up, but then when the stock is down look like you are on holidays :eek: ). I bought ZFX for 2.82 and sold for 3.05 this week, so I am making money without dreaming for $4 like you.

Unfortunaly, I find your information very poor and based on your dreams instead of real facts

Regards,

WBII
 
Re: ZINIFEX..ZFX

Price is still subdued at the moment.. however looks like it found support at around $2.80.

IMHO i believe it will rise above $3.20 again , how quickly is anyones guess..

PS - had a play with the edit function and have posted ZFx chart..feel free to add comments or your own view..
 

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Re: ZINIFEX..ZFX

Warren..so you sold..so what...UBD..they are advisers..say VALIUATION..$3.10 TARGET PRICE $3.73..and BUY..so who are you to argue with them..and what you dont seem to understand what they lost or what it cost them will make very little difference in their yearend PROFIT...those $14 million dont come out of profit the profit on that loss is about $4 million..I just cant understand that you want to take the full amount of profit..thats how it does not work speak to an Accountant he will erxplain it to you..they still kept operating if you buy or sell its up to you I am only pointing out where it is heading to..do you understand tha I was told by some one who knows ZINC prices will rise and ZFX has every chance to go over $4...+++ :2twocents
 
Re: ZINIFEX..ZFX

DTM..good post....the share price speaks...or the market has spoken..UP it goes...If you short it the brokers will burn you ,shorts have disappeared check it out on th ASX side under shortsell...and www.kitcometals.com tells the story...check it if you are invested in this stock..if you buy or sell its your business..I dont dream I KNOW thats the difference..this is GOOD STOCK....and 21 shareholder hold 425 million shares..Zinifex are buying 70 million $ worth starting on the 8th April....so we would assume only 50 million shares are left to trade..and those are figures from ZINIFEX...and so we will see where we go from here..ZINC will go Up..thats for certain..CHINA needs it and shares will be in short supply..work it out what will happen..one does not have to be a rocket scintist to know....where the share price will go... :2twocents
 
Re: ZINIFEX..ZFX

can anyone post what a cost or expense is ,so Warren Buffett...who does not seem to understand that its a cost not a loss to profits..I think he still does not understand how it works...it all comes under operating cost NOT profit..Profit is the end result...any accountants on this board please post so he will understand the full impact of the situation...I have run businesses so I know he got the wrong end of the stick...annyone :2twocents
 
Re: ZINIFEX..ZFX

chicken said:
can anyone post what a cost or expense is ,so Warren Buffett...who does not seem to understand that its a cost not a loss to profits..I think he still does not understand how it works...it all comes under operating cost NOT profit..Profit is the end result...any accountants on this board please post so he will understand the full impact of the situation...I have run businesses so I know he got the wrong end of the stick...annyone :2twocents

Chicken, everytime you speak about numbers you get it wrong my friend. if you used to run business like that I can imagine where they are now.
Check the next article from The Sydney Morning Herald:

"A recent shutdown of an ore grinding operation in Queensland will cost lead and zinc miner Zinifex Ltd $14 million in pre tax profit"

http://smh.com.au/articles/2005/04/01/1112302216247.html

I am getting a bit tired of discussing no sense with you and this is making this thread really boring when all you do is talking about your brokers, zinc price and speculation without any facts.

WBII
 
Re: ZINIFEX..ZFX

I still say that you like just to be short but the trend is NOW going against you ..read the article in the Courier Mail..Tax brake for people who lost in Pasminco..ZINIFEX..is going from strength to strength it says and UBS given guide of the share price so you DONT know read it and get educated...ZFX..is rising...ZINC price IS RISING..so you are telling us they are short as I said before get of the grass...UBS..values the share at $3.10....and their target is $3.73...so where is your problem...the under $3..well that will take time but its UP the trend....and going against the trend does NOT work..how many millions did it take to short this stock..I am sure you are not in this leauge to short it...because $30 million is not chicken feed. and I doubt even you took a name from a very wealthy person..you are NOT in the hunt... :2twocents
 
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