ZFX - Zinifex Limited

Joe Blow · 16 May 2005

Re: ZINIFEX..ZFX

Chicken, you are testing my patience again.

Please, do not clutter this thread with information you have repeated again and again. It is becoming tiresome. When you have some NEW information then feel free to add to this thread.

From now on, I will simply be deleting posts that repeat the same information (i.e ramps) and those who persist with this behaviour will have their posting privileges suspended for a period of time to be determined by me.

I have had enough.

P.S. I have just deleted some of the posts made today that add nothing to this thread.

Porper · 16 May 2005

Re: ZINIFEX..ZFX

GO, Go, Go ZFX.

Sorry, only joking.

Amazes me how Chicken can keep on ramping this stock when it is in a downtrend, especially as the company are in the midst of a buy back.

The trend speaks volumes on this little baby.

Infact looking around, Zinc stocks, metals etc. aren't doing too well at all lately.

Smurf1976 · 16 May 2005

Re: ZINIFEX..ZFX

Now that ZFX appears to be quite clearly heading down, the question arises as to how far?

Any thoughts as to what lies ahead?

Investor · 16 May 2005

Re: ZINIFEX..ZFX

Smurf1976 said:
Now that ZFX appears to be quite clearly heading down, the question arises as to how far?

Any thoughts as to what lies ahead?

What lies ahead is uncertainty.

The largest shareholder of ZFX is Farallon Capital (American) with 11.2% of total shares.

The website for this shareholder states:

"Farallon's investment philosophy is to invest in businesses and securities that are undergoing change. Farallon’s investments are primarily those in which a known or expected event (a merger, restructuring, recapitalization or other major change) will cause an appreciation in the value of the particular investment. Investments include public and private debt and equity securities, direct investments in private companies and real estate. Farallon invests globally, focussing on developed and emerging markets alike.

Farallon places a priority on the preservation of capital, while seeking to achieve extraordinary risk-adjusted returns in each of its investment disciplines. It manages risk through rigorous research, including consultation with industry, legal and regulatory advisors."

In the short term, if this shareholder sells for whatever reason, the SP of ZFX will probably fall. How low??? Depends on whether buyers can be found, if sellers outnumber buyers by any sizeable margin. However, this is merely a short term price volatility factor. In the longer term, ZFX's price hinges on production volumes, zinc price, lead price, exploration success, USD/AUD forex, global competition that its four smelters face, cost controls, quality of management, and what the markets estimates for the eventual capex for EPA compliance are (currently $250 million being discounted off from DCF intrinsic value), etc.

It is incredible that chicken still repeatedly mentions (today) that ZFX is tightly held, despite being corrected about this issue, by me, on 26/4/05.

Investor · 16 May 2005

Re: ZINIFEX..ZFX

Investor said:
.... Depends on whether buyers can be found, if sellers outnumber buyers by any sizeable margin.....

That should have been typed as "sellers outnumber buyers at any given asking price, thus requiring a lowering of the asking price for a trade".

Any seller of any asset will know that the eventual price depends on a firm buyer being willing to pay that price. Example, if any seller wanted to sell ZFX at $3 today, it would not have been possible. If that seller had to sell, say to meet a margin call, that seller would have to meet the market to achieve a sale.

chicken · 17 May 2005

Re: ZINIFEX..ZFX

Investor said:
What lies ahead is uncertainty.

The largest shareholder of ZFX is Farallon Capital (American) with 11.2% of total shares.

The website for this shareholder states:

"Farallon's investment philosophy is to invest in businesses and securities that are undergoing change. Farallon’s investments are primarily those in which a known or expected event (a merger, restructuring, recapitalization or other major change) will cause an appreciation in the value of the particular investment. Investments include public and private debt and equity securities, direct investments in private companies and real estate. Farallon invests globally, focussing on developed and emerging markets alike.

Farallon places a priority on the preservation of capital, while seeking to achieve extraordinary risk-adjusted returns in each of its investment disciplines. It manages risk through rigorous research, including consultation with industry, legal and regulatory advisors."

In the short term, if this shareholder sells for whatever reason, the SP of ZFX will probably fall. How low??? Depends on whether buyers can be found, if sellers outnumber buyers by any sizeable margin. However, this is merely a short term price volatility factor. In the longer term, ZFX's price hinges on production volumes, zinc price, lead price, exploration success, USD/AUD forex, global competition that its four smelters face, cost controls, quality of management, and what the markets estimates for the eventual capex for EPA compliance are (currently $250 million being discounted off from DCF intrinsic value), etc.

It is incredible that chicken still repeatedly mentions (today) that ZFX is tightly held, despite being corrected about this issue, by me, on 26/4/05.

INVESTOR....Read my 3rd or 4th posting re Zinifex...what the directors said and there opinion about ZFX...you will see they are one of the lowest cost producer of ZINC,and lead...also there announcement yesterday will be positive for Zinifex...all the advisers are putting a price of $3.07 on this stock...there will be a wall of money today going back into the market...ZFX will be higher today whatever you say....IF is a big word and I am sure Capital Investment are not just ready to sell....you seem to be a pessamist on this stock....the company is DEBT FREE ,lowcost producer and with their latest deal set for a longtime of mining ahead for them....and its all in stable AUSTRALIA...not in other parts of the world....

krisbarry · 17 May 2005

Re: ZINIFEX..ZFX

...And yes the daily "RAMPING" has started again....BORING zzzzzz!

chicken · 17 May 2005

Re: ZINIFEX..ZFX

Barry we know you are a pain proved it on another board...what a bugger share price has risen 10cents nothing to do with ramping just telling the public not to listen to all the shorts......LOLOLOLOL

Investor · 17 May 2005

Re: ZINIFEX..ZFX

krisbarry said:
...And yes the daily "RAMPING" has started again....BORING zzzzzz!

Yes. I also find it boring.

In addition, I found it annoying and irritating to see the same old spin being regurgitated ad nauseum.

I would not have bothered wasting my time with chicken, if I did not read that post by another person, that indicated to me, an innocent bystander might have gotten lured by such false claims by chicken of $4, despite the repeated posts by chicken about the UBS valuation being $3.10. Talk about an anomaly.

I decided to explain some of the risks involved in holding ZFX shares in case there are other readers who might be interested.

Today's valuation figure posted by chicken is now $3.07 which is a slight downward adjustment.

Daily share price changes do not bother me, as I am not a trader.

I have an entry price and an exit price at a given time frame, from the outset (except for shares which I intend to hold forever - ZFX is not one of them - ZFX was merely a market mispricing that I took advantage of in 2004).

What happens in between my entry point and my targeted exit point, I merely monitor but usually ignore.

ZFX bought 640,000 shares at between $2.65 and $2.78 yesterday. This is not a good sign. If ZFX considered the price to have levelled out, it should have bought more.

I have dropped my eventual targeted exit price partly because of this indication from ZFX and partly because of that out of Court settlement last week. ZFX did not inform shareholders as to whether that was a one-off settlement or whether there were others to be made.

chicken · 17 May 2005

Re: ZINIFEX..ZFX

This out of court settlement...you seem to be stuck on that...if it was important the market would have been imformed...so if it was not announced I would suggest its NOT important enough to bother the market ...As far as the price you should cheer but..What ZFX bought yesterday...well it looks like the market likes their new deal...and so seem to be the advisers today....what you buy is your business what you sell is your business..but I was 100% right when I said it was a BUY yesterday...even so you said IF that...happends...the market is saying they like the new deal...

It's Snake Pliskin · 17 May 2005

Re: ZINIFEX..ZFX

The deal seems to be doing a lot for Terramin with regards to its share price.
I'm still positive on ZFX though. Missed yesterdays low becsuse I set my buy order a little too low and missed by 2 cents.

chicken · 17 May 2005

Re: ZINIFEX..ZFX

Snake Pliskin said:
The deal seems to be doing a lot for Terramin with regards to its share price.
I'm still positive on ZFX though. Missed yesterdays low becsuse I set my buy order a little too low and missed by 2 cents.

Now, if I was ZINIFEX...I would buy them out...as ZFX is undergeared and in the position to take them out...money would not be the problem....just a thought...they are cheap enough in price....

Investor · 17 May 2005

Re: ZINIFEX..ZFX

chicken said:
ZFX..still heading north what a share..my $4 just about there....bought more today at $3.42...this is a MELBOURNE CUP WINNER...

At today's closing price of $2.71 (same as yesterday), you are already 20.76% down.

To reach $4 will require a 47.6% rise.

Melbourne Cup Winner???

Investor · 17 May 2005

Re: ZINIFEX..ZFX

Joe Blow said:
Chicken, you are testing my patience again.

Please, do not clutter this thread with information you have repeated again and again. It is becoming tiresome. When you have some NEW information then feel free to add to this thread.

From now on, I will simply be deleting posts that repeat the same information (i.e ramps) and those who persist with this behaviour will have their posting privileges suspended for a period of time to be determined by me.

I have had enough.

P.S. I have just deleted some of the posts made today that add nothing to this thread.

Joe,

I fully agree.

Smurf1976 · 17 May 2005

Re: ZINIFEX..ZFX

Another day, another installment in the ZFX saga...

After mining the ore and production of concentrate (at the mine) and shipping the concentrate to the smelter, the next key step in producing zinc is ROASTING.

At Zinifex Hobart Smelter the ore is stored near the wharf at which it is unloaded from the ships. The roasters are higher up (the site is moderately sloping) such that the main conveyor is also sloping upwards, much like a RAMP.

Roasting is also what's done to chickens...

P.S. I'll leave the purification, electrolysis and casting processes for another ramp. Oops! Sorry! I meant "post". Who on earth would think of ramping Zinifex anyway...

By the way, roasting is a combustion process. Combustion - another thing that happens to chickens when they're ramped, sorry that should be "roasted", too long.

DTM · 17 May 2005

Re: ZINIFEX..ZFX

Smurf1976 said:
Who on earth would think of ramping Zinifex anyway...

Someone who ramps BPC maybe....??

Maybe its a timing problem, not one of ramping. A problem common to all of us.

I personally think that resource stocks will come back with an avengance. My brother in law who is a trader of chemicals came back two weeks ago from visiting his business contacts in China. He told me how huge the amount of work being done there was. Infrastructure wise, things were still steaming full speed ahead. His Chinese contacts were saying that their goal was growing internal demand with self sufficiency as the final goal.

This is not advice and I wouldn't rely on these statements.

It's Snake Pliskin · 17 May 2005

Re: ZINIFEX..ZFX

Smurf1976 said:
Another day, another installment in the ZFX saga...

After mining the ore and production of concentrate (at the mine) and shipping the concentrate to the smelter, the next key step in producing zinc is ROASTING.

At Zinifex Hobart Smelter the ore is stored near the wharf at which it is unloaded from the ships. The roasters are higher up (the site is moderately sloping) such that the main conveyor is also sloping upwards, much like a RAMP.

Roasting is also what's done to chickens...

P.S. I'll leave the purification, electrolysis and casting processes for another ramp. Oops! Sorry! I meant "post". Who on earth would think of ramping Zinifex anyway...

By the way, roasting is a combustion process. Combustion - another thing that happens to chickens when they're ramped, sorry that should be "roasted", too long.

Not bad Smurf, not bad at all!

chicken · 18 May 2005

Re: ZINIFEX..ZFX

You are right...zinifex does not need ramping...the figures speak forthemself..after all I am just posting facts...sorry if some people dont like it but..its information which the investor needs..some people keep it to themself...you know what I mean......

Warren Buffet II · 19 May 2005

Re: ZINIFEX..ZFX

Hi all,

Strong shake up from ZFX today, they traded almost 5% of ZFX total shares and the price went up more than 4%.

So, ZFX could buy-back around 5% of its shares . I am not saying ZFX bought all those shares today, I am saying someone was buying very strong today and they could have more than 5% ownership after today.

Very interesting

Let's see tomorrow

burnhi · 20 May 2005

Re: ZINIFEX..ZFX

Zinifex clearly gapped up today, on the fib, however most of the buying would be suspected to be their own buy back. I still believe it will fall back through as there were still many sellers prepared to liquidate into the tide. Its a volatile stock that moves quickly, one way or another.
Please Note: I am shorting from 303.
Rgds
Burnhi

ZFX - Zinifex Limited

Joe Blow

Administrator

Porper

Ralph Nelson Elliott

Smurf1976

Investor

Investor

chicken

krisbarry

chicken

Investor

chicken

It's Snake Pliskin

chicken

Investor

Investor

Smurf1976

DTM

It's Snake Pliskin

chicken

Warren Buffet II

burnhi

Similar threads

ZFX - Zinifex Limited

Administrator

Ralph Nelson Elliott

Similar threads

Privacy & Transparency

Privacy & Transparency