Australian (ASX) Stock Market Forum

ZFX - Zinifex Limited

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Re: ZINIFEX..ZFX

chicken said:
SOLD ALL THEIR SHARES...DEUTSCHE BANK..post your evidence..as I HEARED differently.... :2twocents
Click to expand...
This "prove it" business is a common means of trying to silence someone you don't agree with. Usually, it's done when the person making the "prove it" demand has no other argument to present.
 
Re: ZINIFEX..ZFX

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Re: ZINIFEX..ZFX

Check it out results are better than was expected...what a bugger for some...looks like the shorts are in for a short shift... :2twocents
 
Re: ZINIFEX..ZFX

chicken said:
Check it out results are better than was expected...what a bugger for some...looks like the shorts are in for a short shift...
Click to expand...

And the share price promptly fell 3 cents to $3.07. :D
 
Re: ZINIFEX..ZFX

Yeah,because the shortseller pumed stock at a discount into the market hoping some of the mucks will sell cheap..did not happen..shareprice is back up..what a bugger for the shortseller.. :2twocents
 
Re: ZINIFEX..ZFX

The shortsellers are still very active in this stock...must be the bigboys playing...but thats the market we little fellows dont count they shift it up or down because if you have millions..one can do that sell and buy at the same time..that is what is happening today..might even be active tomorrow again with the same result...and then driving it back up :2twocents
 
Re: ZINIFEX..ZFX

chicken,

The price has fallen to $3.01. This is despite ZFX being in the market actively buying as part of the buy back exercise.

Here is one additional aspect of analysis for you. The USD / AUD exchange rate impacts on ZFX's EPS.
 
Re: ZINIFEX..ZFX

Well, that's me stopped out, a quick 10% loss in just over a week.Very tempted to stay in but rules are rules and you have to stick by them.I bought them purely on T/A, but obviously got it wrong.

They are going down despite the buy back supporting the price.Doesn't look too good IMHO.Good luck if you hold. :eek:
 
Re: ZINIFEX..ZFX

Porper...watch mondays price rise..they danced this way for the last 8 weeks..crazy stock this..buyback very slow..dont know whats wrong with the broker...results were good...check it out...MAP seems to race ahead...ZFX..is up and dow like a jo jo :2twocents
 
Re: ZINIFEX..ZFX

Further manipulated down by brokers afterhours trading..see tradingroom should bounce back tomorrow..100k shorts have disappeared....Like a JO,JO...brokers seem to like this stock...I call the buying by ZFX pathetic...I just dont seem to understand the broker just buying 50k shares 25k shares a day...it will take 2 years to spend the money if they carry on buying like that I dont call that buying activly...more passive if you ask me :2twocents
 
Re: ZINIFEX..ZFX

chicken said:
Further manipulated down by brokers afterhours trading..see tradingroom should bounce back tomorrow..
Click to expand...

Chicken, please remember that you are soley responsible for the content of your posts. What evidence do you have that the ZFX share price was 'manipulated' down by brokers in after hours trading?

Also, how do you know that ZFX will bounce back tomorrow? Do you have access to a magical crystal ball that the rest of us don't?

You are really skating on thin ice here.
 
Re: ZINIFEX..ZFX

Joe..check www.tradingroom.com.au it shows a drop of 2 cents by brokers after 4 PM...it shows how many trades and how many went through at $2.96....so only brokers can and trade after hours..check it out also I posted the shortsells at the ASX that shows as you know the shortsells.. check the trading patterns in the last 8 weeks...makes intresting reading...its traded by a broker very activly...he brings it up and he brings it down...the results were good...the company supplies 6% OF THE WORLD zinc MARKET..ALSO LEAD IS UP IN PRICE...AND OTHER METALS SILVER,COPPER,AND GOLD ALL UP IN PRODUCTION....
 
Re: ZINIFEX..ZFX

chicken said:
Joe..check www.tradingroom.com.au it shows a drop of 2 cents by brokers after 4 PM...it shows how many trades and how many went through at $2.96....
Click to expand...

But how is this 'manipulation' by brokers?

How is it the after hours trade in ZFX today any different to the after hours trading in any other stock? Perhaps you should explain exactly what you mean and which brokers you are referring to?

Is the after hours trading in every stock 'manipulation'?
 
Re: ZINIFEX..ZFX

chicken said:
...it shows how many trades and how many went through at $2.96....so only brokers can and trade after hours......
Click to expand...

Get real. If I key in a buy or sell order at 3.59 pm (and I have done so with other shares), I can get trade confirmation at 4:10 pm. This happens in the market on a daily basis.

Cut the nonsense about manipulation. Who in his/her right mind would even try to manipulate while there is a buy back exercise happening?

Options to short, are not peculiar to ZFX. They are part of the huge derivatives market.

ZFX is not a "mums and dads" stock counter. The shareholders are mainly professional institutions and hedge funds.

You did not get my earlier message. Production is one thing. ZFX exports in USD. The USD/AUD exchange rate will impact on NPAT.

ZFX is taking a slow approach with the buy back, probably because it expects further price falls. If I was in charge of the buy back, I would do the same, if I expected further price falls.

The IPO was April 2004. Soon, many investors would cross the 12 months' holding time frame and be eligible for reduced CGT, if they choose to sell.

Just to add to your seemingly current state of confusion, there are severe macro economic issues that the G7 nations and Asian Central Banks are grappling with, including renewed discussions of cross border trade barriers against China.

Should the Asian central banks stop supporting the American twin deficits or global financial markets decide to deal with the imbalances, say next week, ZFX's share price, along with the rest of global equity markets would nosedive. This is also partly the reason why global equity markets are jittery and on edge. It could happen very suddenly, without warning.
 
Re: ZINIFEX..ZFX

Investor said:
Should the Asian central banks stop supporting the American twin deficits or global financial markets decide to deal with the imbalances, say next week, ZFX's share price, along with the rest of global equity markets would nosedive. This is also partly the reason why global equity markets are jittery and on edge. It could happen very suddenly, without warning.
Click to expand...

Personally I don't expect any form of crisis due to the American deficits YET but that's just a personal opinion (OK, I do have a basis but that's way too far off the topic of this thread. Suffice to say look at the long term USD charts and you'll see what I'm thinking. Also look at the long term AUD charts while you're at it...).

But you're dead right about the risks to the equity markets in general IMO, especially that last bit about no warning.
 
Re: ZINIFEX..ZFX

check...www.kitcometals.com the article Investor was refering to is very intresting all about ZINC production etc...it says ,,TAKING STOCK OF ZINC...one must read it as it explains all about ZINC worldwide...good find INVESTOR :2twocents
 

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