ZFX - Zinifex Limited

[chicken]

Re: ZINIFEX..ZFX

Read it I said ,it also mentioned that ZINC went higher in price by a massive 32%.......check...www.kitcometals.com its all there on public domain...todays trading...gets more funny by the day.....I am not ramping just thinking aloud

 

[RichKid]

Re: ZINIFEX..ZFX

Read it I said ,it also mentioned that ZINC went higher in price by a massive 32%.......check...www.kitcometals.com its all there on public domain...todays trading...gets more funny by the day.....I am not ramping just thinking aloud

Chicken,
Why don't you use the blog/journal facility that Joe has provided if you can't keep your repetitious thoughts to yourself?? How many times must you be told not to repeat the same old rubbish, if you have nothing new or of quality to contribute I can't see the purpose of you posting anymore. If you are incapable of maintaining a particular standard of posting then maybe you should go to a forum that has a lower one.

Alternatively, apply to ZFX to become a company spokesman, you'll be like that old Iraqi (mis)information minister during the invasion, repeating the same old stuff regardless of what was really happening.

 

[chicken]

Re: ZINIFEX..ZFX

What I meant if you checked...ZFX traded on friday between $2.92...and $3.25..so if that is not peculiar you tell me why....bounced as I said the day before only 2 cents higher....peculiar trading the whole day also if you read the report only 2%...down of their production...but they got a lot more $$$ for their ZINC,LEAD as was expected...so overall a good result.....

 

[chicken]

Re: ZINIFEX..ZFX

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.

Have you ever thought what would happen to the ASIAN population if they did NO support the US $$$....think..if we go down...CHINA and the rest of ASIA cannot afford to do that as it would mean massive unemployment in their own country...thats why the ASIAN TIGER supports the US $$$....any other way and we are down the plug hole...as well as ASIA would be in this situation..for that to happen a war would have to be in the offering...I know some of you would like it, but be rest assured commonsense will prevail...and the Asian TIGER will carry on supporting the currency...FOR THE ASIAN POPULATION...NOT for any other reason...THEY NEED THE WESTERN WORLD TO CONSUME...the share market may come down but goes up as well

 

[Investor]

Re: ZINIFEX..ZFX

Chicken,
.....
Alternatively, apply to ZFX to become a company spokesman, you'll be like that old Iraqi (mis)information minister during the invasion, repeating the same old stuff regardless of what was really happening.

Excellent suggestion

To boldly go where no chicken has gone before.

 

[chicken]

Re: ZINIFEX..ZFX

Investor..well said ,but the ASIANs need the west to sell their consumer products ,where you coming from in reference ASIAN CENTRAL BANK support a few would love to pull the plug but they wont because it will in affect ,affect their own ecconomic surfival , so the ASIAN TIGER WILL TRY AND BITE his OWN TAIL without reaching it going round in circles such is capitalism.....because if they pulled the plug we will all be up the shute

 

[Investor]

Re: ZINIFEX..ZFX

Investor....,where you coming from in reference ASIAN CENTRAL BANK support a few would love to pull the plug but they wont because it will in affect..

chicken, it is amazing how you can twist and turn. You have difficulty reading properly, spelling properly and understanding properly.

Read my post properly. I stated:

"Should the Asian central banks stop supporting the American twin deficits...".

There has already been plenty of media coverage on this issue for many months. Including current BRW and the aireview issue no. 55.

I have read that Warren Buffett, Bill Gates, George Soros, Alan Greenspan and Ken Henry (in the Australian Treasury Dept. and on the board of the RBA)
are concerned about this issue. Clearly you are not concerned. No problem. If it were to become a problem in the ensuing months, at least you will know what hit you. And.... it was not a combine harvester.

From reading your posts, I do not expect you to understand the extent of the issue. You do not appear to have studied economics (at tertiary level).

In Feb. 05, South Korea suggested that it might diversify from holding USD foreign reserves to other currencies. The Dow Jones index fell 1.5% as a reaction and global financial markets went in a spin. This was merely one indication. There are others.

I get the impression (rightly or wrongly) that you rely on your broker for advice. If so, your broker's advice is only as good as his/her skill set. The broker's income stream is reliant on clients' trades. Whether you end up making money or not, the broker has collected the fee.

 

[Investor]

Re: ZINIFEX..ZFX

chicken, read your post on 28/2/05 in another thread where you stated:

"THINK ABOUT THIS....the market determins the price...not posters , as they cannot influence what happen from day to day...look at the resources..a 3c share goes to 30c...and their asset is 1c...so your argument or statement is of no foundation...the market decides what happends..and WHY...there is allways a reason...people know..like you said you buy TLS at $5...well we all like dreamers...its just not the way the market works and because you are not buying well who cares...because if you have not a billion $$$ you cant influence what happens in the market Mr Packer can because he has the equity to do so...so your thread on sharevalue..is just impossible to give a true answer because thats a holy grail which is impossible to answer because if everyone thought the way you seem to ,there would be no market...we all think differently...thats why the buyers think long and the sellers are short..you seem to be in the later group who thinks we should all give our stock away..no my friend thats not the way it works but we all make up our own way...thats why you have a market...THE MARKET DECIDES....BETTER BELIEVE THAT".



You seem to contradict yourself in this ZFX thread, do you not? Not once, but many times.

The market has decided on ZFX's share price on a daily basis and you call it "manipulation".

Yes, if the day comes when you decide to sell ZFX shares, the market will decide what price you can sell at. BETTER BELIEVE THAT (your words, not mine).

 

[chicken]

Re: ZINIFEX..ZFX

Investor you are right...but one needs not to be a rocket scintist to see what is being played....by the way I am German..so excuse my bad English but one tries to make oneself understood...I see you are a person of letters...well I am not, but just common sense..I think I got it right...yes the market decides the price but ZFX price on friday was between $2.93....and $3.25..tradingroom confirmed these trades...so what is value...????

 

[Investor]

Re: ZINIFEX..ZFX

Investor you are right.....by the way I am German..so excuse my bad English ...yes the market decides the price but ZFX price on friday was between $2.93....and $3.25..tradingroom confirmed these trades...so what is value...????

OK. I was not aware of your heritage. I will say no more on that matter.

Another correction - the trading price range was $2.92 to $2.98 on Friday (just read the newspaper or check your computer screen). At the risk of stating the obvious, this means any buyer or seller would have traded ZFX at a price within that range on Friday.

There is a saying - price is what you pay, value is what you get.

This means if you overpay (say $3.42 - which you did - when value should be $3.10 - which is the UBS valuation that you keep telling us all about), you will probably suffer a capital loss down the track if you sell soon after buying. Conversely, if you know how to buy when value is less than market price (say $2.80 when value should be $3.10), you will probably make a gain soon after.

I have a method of valuing shares but I will not reveal it, just as Warren Buffett never reveals how he calculates intrinsic value. The reason is simple. If everyone knows how Buffett does it, Buffett would no longer have the advantage.

My buying method is similar to Warren Buffett. I buy when I believe, based on my own calculations, that the market price is below the value, to an extent which gives me an adequate margin of safety. A small margin of safety would not interest me because I merely wait (months or years) until market sentiment is bad enough to give me a price that is adequately below my valuation. However, market sentiment can still fall further even after my purchase, further lowering the price, which is not an issue for me unless I decide to buy more.

Examples are my entry price into ZFX and my purchase of WMR below $5 in mid 2004.

 

[chicken]

Re: ZINIFEX..ZFX

How was this for a prediction....?????

 

[Joe Blow]

Re: ZINIFEX..ZFX

Alternatively, apply to ZFX to become a company spokesman, you'll be like that old Iraqi (mis)information minister during the invasion, repeating the same old stuff regardless of what was really happening.

Sorry, couldn't resist! Just kidding chicken!

 

[chicken]

Re: ZINIFEX..ZFX

Joe, love your reply I am not that bad ....LOLOLOLOLOL

 

[chicken]

Re: ZINIFEX..ZFX

Zinc up in price also lead is higher...should see $3.10 today....

 

[dutchie]

Re: ZINIFEX..ZFX

Looks like it might break below $2.80 next week.

 

[Investor]

Re: ZINIFEX..ZFX

It touched $2.85 in the first 30 minutes of trading this morning. Despite the buy back program still in place.

 

[tech/a]

Re: ZINIFEX..ZFX

Joe

Love the graphics just rolled around for hrs!!

Humour---- should be more of it!

 

[Joe Blow]

Re: ZINIFEX..ZFX

Joe

Love the graphics just rolled around for hrs!!

Humour---- should be more of it!

Glad it gave you a good giggle. Was hoping it would lighten the mood.

I'm a firm believer in the idea that laughter is the best medicine... for pretty much everything.

Yes, there should be more of it. Inspiration will strike again. Eventually.

 

[Investor]

Re: ZINIFEX..ZFX

....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.

....

Looks like ZFX did expect further price falls and of course was proven correct. If anyone can value ZFX properly, it would have to be ZFX.

The buy back program still has $61.767 million to spend, out of $70 million. If ZFX does not buy many shares today (current price $2.84), it would send a message that it expects the SP to fall further.

 

[stockGURU]

Re: ZINIFEX..ZFX

Looks like it may test support at $2.75. Watching this one closely.