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ZFX - Zinifex Limited

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Re: ZINIFEX..ZFX

Same old dance...monday it will be up again just to prove you all wrong...monday, tuesday up...and then slowly down....buying time wed,thursd,friday selling time monday,tuesday...thats the way its done with this share..Macquarie said Zinc stockpile is falling...so prices will stay firm same as Nickel..which is very short at present..China likes Stainless steel....Zinc is rising...see www.kitcometals.com gives you all whats been happening...UBS..has still a firm buy on this stock..as far as buy back the broker is waiting for what.???.Zinifex is a company which is debt free..the money in the bank in fact makes them undergeared...maybe they are looking to buy another resource company to grow bigger...they have got the $$$$..and might supprise jet......
 
Re: ZINIFEX..ZFX

3,776,666 shares in ZFX were traded today at a price range of $2.83 to $2.88.

Watch for ZFX's announcement on Monday as to how many shares it bought today.

If 200,000 or less were bought by ZFX, all traders take note.......

Shorting this stock is as close to a "done deal" as you can get. However, make your own decision, as I cannot give any financial advice.
 
Re: ZINIFEX..ZFX

Looks like there could be a triangle breakout. On only medium volume, but not a great sign in my book.

GP
 

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Re: ZINIFEX..ZFX

stockGURU said:
Looks like it may test support at $2.75. Watching this one closely.
Click to expand...

I agree, that's an important level, in fact, if you look at a chart of the Zinc price you'll see why things are looking bleak short term.
 
Re: ZINIFEX..ZFX

FUNNY, BUT, the shorts have gone out of most of their short position...Zinifex is in the fortunate position...of being DEBT FREE...not many companies in this position....I still say its a long, why...SHORTAGE IN THE LONGTERM OF ZINC....and Maquarie are saying the same...as I said before we dont want the share going forward before the end of the finacial year end but should go higher after as far as next week we should see the share do the same as it has done the last 8 weeks....see the ASX as they show every share you can shorten...and the shorts at present.....
 
Re: ZINIFEX..ZFX

Proviting from a wall of worry....intresting read on www.kitcometals.com what he said is very intresting..read it if you are invested in resources.....
 
Re: ZINIFEX..ZFX


It has happened. The following announcement was made over the past 24 hours:

"The Bush administration, reacting to a flood of Chinese clothing imports since January, said that it would impose new quotas on cotton shirts, trousers and underwear."

There could be adverse implications for all mining company shares. See my other post on the BHP / Rio Tinto thread.
 
Re: ZINIFEX..ZFX

chicken said:
..China likes Stainless steel....
Click to expand...

Is that because of the wide choice of colours or because of the selection of sizes available in Small, Medium and Large???
 
Re: ZINIFEX..ZFX

"The Bush administration, reacting to a flood of Chinese clothing imports since January, said that it would impose new quotas on cotton shirts, trousers and underwear."
Click to expand...

Concerning to say the least. But the Americans have never been about free trade. Just look at the barriers that were part of the free trade agreement. Free trade, but not for a few years. The barriers that exist with farming exports with America and the EU are anti free-trade.

However, I don't htink the impact of a few cotton shirts will adversely affect the global demand for key resources such as zinc, nickel etc. I might be wrong, we'll have to wait to see.

I think it's important to look ahead long term and not panic once a piece of news stirs up the short term sentiment. We are all aware of the huge trade imbalance between China and the US; something I have expected was trade barriers being used to try to rectify it.
 
Re: ZINIFEX..ZFX

Investor said:
Is that because of the wide choice of colours or because of the selection of sizes available in Small, Medium and Large???
Click to expand...
YOU GET MORE FUNNY BY THE DAY..ZINC is not used for STAINLESS steel...I just pointed out the fall of stocks in the stock...so dont make me look stupid......You will find ZFX will go higher when it breaks out of the traiangel...ZINC is in short supply..stocks are falling...also Nickel...check...wwwkitcometals.com
 
Re: ZINIFEX..ZFX


ZFX bought-back 800.000 shares last Friday. I guess they think the price is right now
 
Re: ZINIFEX..ZFX

WBII,

Yes. ZFX bought 800,000 shares at between $2.82 to $2.88 perhaps indicating that it is more prepared to support this price level. It now has $59 million left from the $70 million buyback, to spend.

Price fell to a low of $2.72 this morning. It is now caught in the current global sell down of mining shares, but then again, it might have been prepared for this and decided on the "go slow" buy back to date.
 
Re: ZINIFEX..ZFX

Today its a BIG BUY on this stock will not get any cheaper even selldown will not work...see their announcement will go higher....cheap entrey today...ZFX still has 59 million to spend and shares are tightly held...the new strategy will help this share to go higher for sure...
 
Re: ZINIFEX..ZFX

Yes, today's announcement will only enhance their operations!

I'm looking for a buy at the bottom.
 
Re: ZINIFEX..ZFX

Now at $2.67, a hefty fall of 5.7% from Friday's close.

Some of ZFX's shares are / were held by hedge funds. The hedge funds that do get caught with liquidity issues, will probably sell into the open market at 'market price'.
 
Re: ZINIFEX..ZFX

Investor read their announcements...this share will rise again as even the hedgefund will not reduce it further..do you know if the hedgefund is in NO its just been manipulated by brokers...Zinifex has just secured a great deal for its shareholders...CHINA needs ZINC...and there is a shortage...ITS a BUY on this stock...
 
Re: ZINIFEX..ZFX

chicken said:
Investor read their announcements.....
Click to expand...

I already have....... this morning. Made no impact as it was merely fast tracking an existing project. So what???

Obviously, the market took little notice of it as well. Price touched $2.65 a short time ago.

Now, it is my turn....... tell me whether you are aware of the "out of Court settlement" that ZFX paid last week???

No .... I did not think so.
 
Re: ZINIFEX..ZFX

Well, so what but at least they are going forward in their projects..and are debt free....
 
Re: ZINIFEX..ZFX

The price touched $2.63 ..... how low will it go???

Answer: No one knows. If most or all the hedge funds have to exit, the $70 million buy back is a relatively paltry sum.
 
Re: ZINIFEX..ZFX

Check..www.kitcometals.com Nickel is now on the critical list only 4900 tonnes and disapearing fast..price will stay high...now ZINC ,LEAD are also in decline stock wise...so we should see the price stabilize or rise....even if hedgefunds will reduce the Superfund will buy because the company is sound.....I have bought more today as it will rise you will see...see their anouncements..positive for ZFX...and Smuggler who cares what you say
 
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