This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

ZFX - Zinifex Limited

Jump to new

...and I suppose with less shares on issue resultant from a buy back would put them closer to a predatory take over.

The Drake release looks good, more Zinc and Copper - I kinda like Copper. Copper and Zinc makes Brass I believe - almost looks like Gold
 
ZFX shareholders would probably get more than the market is willing to pay for its shares if it were to sell all its mines plus 2.2 billion in cash, hand back the proceeds to its shareholders and delist from this market
 
kengaikl said:
ZFX shareholders would probably get more than the market is willing to pay for its shares if it were to sell all its mines plus 2.2 billion in cash, hand back the proceeds to its shareholders and delist from this market
Click to expand...

Sounds like a plan - in fact the same could be said for half the stocks on the market, maybe we should just wind up every income producing company in Australia and sell it to the Chinese.

I wonder where that thought came from kengaikl, I guess you have no Zinifex shares huh?
 

I use to have quite a number of zfx shares got in at 16.35 and out when they reached 18.75 only because i needed the cash to set up a CFD account. Lucky i did but still zfx at these levels are a joke. Never would have thought they would reach these levels.
 

sort of still missed the point and objectives of your previous comments. Most of the SP values of Aussie stocks have dropped substantially over the last 3 months, Zinifex are obviously not immune to general sentiment.
 
Overnight the metals had a great day, all up with lead and zing (zinc) up 4.5% and 4% respectively - that should give Zinifex a little boost along today (hopefully)
 
roland said:
Overnight the metals had a great day, all up with lead and zing (zinc) up 4.5% and 4% respectively - that should give Zinifex a little boost along today (hopefully)
Click to expand...

I kinda liked my typo there, so I kept it - let's get some zing back into zinc, although Zingifex doesn't sound so good - maybe zing effects
 
unfortunately lack of zing today!!!

was looking good early, but hey, weren't most things??

Would have thought strong uplift in commodities would have spurred it along. Watch commodity prices drop overnight, with a subsequent ZFX drop tomorrow!!

And whats the latest on AGM?? does anyone have any idea how much of AGM ZFX have picked up to date?? Last time anyone posted was a miniscule 0.01% or so!!
 
Interesting exerts from an Energy & Resources story: http://www.theglobeandmail.com/servlet/story/RTGAM.20080131.wbasemetals0131/BNStory/energy/home

SHANGHAI ”” Shanghai copper rose 1 per cent on Thursday, anticipating higher consumption after the Lunar New Year holidays, while zinc futures gained after much of China's zinc industry was laid low by severe winter weather.

China's worst-ever power shortage and severe winter weather have combined to decimate production of a host of metals in some Chinese provinces, benefiting zinc, lead and aluminum prices in particular.

Shanghai's most-traded April zinc gained 1.8 per cent or 350 yuan to 19,930 yuan a tonne, after a 2 per cent gain in the previous session.

Three-month London Metal Exchange zinc futures were up $5 at $2,355 at 7:00 a.m. GMT.


“There is certainly going to be some upside pressure on zinc. The outages in China are short term, but zinc has underperformed and this will help by providing some upside pressure,” Mark Pervan, senior commodity analyst at ANZ, said.

Looks like some good news for Zinifex's SP, maybe we'll break $11.00 today
 
Viginti said:
unfortunately lack of zing today!!! ;

And whats the latest on AGM?? does anyone have any idea how much of AGM ZFX have picked up to date?? Last time anyone posted was a miniscule 0.01% or so!!
Click to expand...

According to a statement posted by Zinifex on the AGM announcements ZFX now hold .03% of the AGM shares. This means that a few more AGM holders have accepted $1 or ZFX are buying on market and paying about $1.05. At this rate they may get a seat on the AGM board by the year 2012.
 
nioka said:
This means that a few more AGM holders have accepted $1 or ZFX are buying on market and paying about $1.05.
Click to expand...

You obviously don't read announcements properly. ZFX are not permitted to bid in the market at a price greater than the bid ($1.00). I wish people would do their homework.
 
banska bystrica said:
You obviously don't read announcements properly. ZFX are not permitted to bid in the market at a price greater than the bid ($1.00). I wish people would do their homework.
Click to expand...
That is the public statement of their intentions. They can buy limited numbers at any price without having to announce it. There are ways around these things. I do do my homework and by doing it I have found that this is possible. Can you believe that in one week they can increase their holding from .01% to .03% by buying at $1 when the market price has been around $1.05. ZFX holders certainly are touchy when they discuss AGM.
 

They are not allowed to pay more than $1, so saying that they are buying at $1.05 is absolutely incorrect.

ZFX just needs to wait and wait, first production date is coming soon so we will see

WBII
 

Noika, well, you need to read the statement again and do your homework, ZFX will only buy at prices up to including the offer price.

AGM shareholders are becoming a bit touchy now that ZFX is not dancing their paso double

WBII
 
Warren Buffet II said:
Noika, well, you need to read the statement again and do your homework, ZFX will only buy at prices up to including the offer price.

AGM shareholders are becoming a bit touchy now that ZFX is not dancing their paso double

WBII
Click to expand...
As they said in "yes minister" "all will be revealed in the fullness of time."It is AGM that is not dancing to the ZFX tune, and why should they.
 
nioka said:
As they said in "yes minister" "all will be revealed in the fullness of time."It is AGM that is not dancing to the ZFX tune, and why should they.
Click to expand...

If AGM don't do the dance, ZFX will just wait, something will go wrong eventually (overcosts, delays, failures etc). Patience is a great virtue.

WBII
 
nioka,
You really have no idea. I pointed out your error and you are the one who got all touchy because you have been revealed as NOT READING ANNOUNCEMENTS properly before suffering from foot and mouth disease.
Please do your homework next time before you make such ridiculous statements. The sole reason ZFX's stake in AGM increased slightly was because someone signed the form to accept $1.00. Crazy when you can sell on market at $1.06.
ZFX are not permitted to buy shares in the market at a price greater than $1.00. End of story.
 
Gosh. A lot of emotion surrounds Zinifex ... at least here. That's not a good sign Hot blooded investors can very quickly turn cold on a stock ...

Try to keep it civil, & level headed lads :
 

Where does it say they are NOT permitted to pay more than $1. They say they reserve the right to buy on the market up to a dollar. I can not see that it waives the right to buy at prices above $1. As I said all will be revealed in the fullness of time.
 
You must log in or register to reply here.

Similar threads

CSC - Capstone Copper Corp.
Replies
6
Views
2K
rcw1
R
G50 - G50 Corp
Replies
6
Views
2K
System
AGC - Australian Gold and Copper
Replies
15
Views
4K
Dona Ferentes
DrBourse TA Help for Beginners
14 15 16
Replies
319
Views
67K
farmerge
PGOL - Patriot Gold Corp (Royalty Company)
2
Replies
30
Views
7K
TacoTed
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...