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ZFX - Zinifex Limited

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Re: ZINIFEX..ZFX


I agree with you Chicken.

Look, BHP will pay next week 6.9 billions for the 75% they have in WMC, analysts predict that 40% will go overseas because of hedge funds and a lot of that money will be reinvested in BHP but say that 1% is invested in ZFX that means 69 millions, that is well above average daily volume.

So, if that happens ZFX will go up without any question.

WBII
 
Re: ZINIFEX..ZFX

Snake Pliskin said:
the buyback is an issue that no technical analysis can ignore. If ZFX are not buying, then that needs to be acknowledged and watched carefully.
Click to expand...

ZFX started buying back again yesterday, paying a 15% premium @3.13.

I am wordering if they did not buy before (last 8 days) because the ASX allowed price was below ZFX price??

Interesting

WBII
 
Re: ZINIFEX..ZFX

Warren Buffet II said:
ZFX started buying back again yesterday, paying a 15% premium @3.13.

I am wordering if they did not buy before (last 8 days) because the ASX allowed price was below ZFX price??

Interesting

WBII
Click to expand...


The volume was low though! Nothing to confirm or deny future price action with. If they buy over the next few days one could hypothesize the stock's intended price.
 
Re: ZINIFEX..ZFX

As soon as the price hits $3...its a BIG buy...sell; out at $3.25 or there abouts...and do it again...marvelous stock this....but could rise quickly...depending when the money is available to people who sold out of WMC......
 
Re: ZINIFEX..ZFX

Important....Zinifex will be now in the ASX SP 100 on the 17th JUNE this could and would mean that more Injstitution will buy shares in this company...WMC will be removed.......Shares will rise as this had been announced after hours...anny comments..Warren
 
Re: ZINIFEX..ZFX

This was mention in the financial review this morning so probably will not
have a great effect on price - but do agree a good stock to buy below
$2.90 - sell at $3.10
 
Re: ZINIFEX..ZFX

raider said:
This was mention in the financial review this morning so probably will not
have a great effect on price - but do agree a good stock to buy below
$2.90 - sell at $3.10
Click to expand...
THE PRICE YOU QUOTED...well the price will very likely not go down to $2.90 reason I just quoted the inclusion of this stock in the SP ASX 100 Institution will be into this now boots and all...so $3 is more the price, if you are lucky....someone has been trying to bring it down but now we will see an increase in price as money will be freely available for this stock...SPASX 100....So it will be a completly different ball game and I now understand why BARCLAYS added to their holdings...now nearly 10%.....and Macquarie saying a buy to $4.....it means they had an idea that this stock may be included in the SPASX100 as many fund managers are ONLY buying in that group....its good news for SHAREHOLDERS and of course the share price will be higher...I just wonder if INVESTOR knew all along what was going to happen....I THINK HE DID and used Walls and mirrors to confuse us...NOT me as I knew more than I told him on the board....after all Zinifex is a hugh undertaking....being 2nd largest in the world
 
Re: ZINIFEX..ZFX

In the last 3 months have brought Zinifex 3 times below $2.90 and have sold at $3.10 - will do so again within the next month because this stock and others ( eg MIG ) are manipulated by people with very large resources.
 
Re: ZINIFEX..ZFX

raider said:
In the last 3 months have brought Zinifex 3 times below $2.90 and have sold at $3.10 - will do so again within the next month because this stock and others ( eg MIG ) are manipulated by people with very large resources.
Click to expand...
Well you still did not read what I said...ITS NOW A DIFFERENT BALL GAME...LARGE INSTITUTION ARE NOW IN THE MARKET FOR THIS STOCK..read what I said...yes you and I and many others have taken advantige of this situation but it will be so much harder now to do the same...we may see the price comeback to under $3...but as I said before I doubt this now because the Institutions have NOW THE GREEN LIGHT to buy this stock....and I can only see them rise higher as there will be a scramble for this stock.....from memory only 65million shares are freely available the rest is held very tightly...not many shares for us to trade...that is out of 500million shares...
 
Re: ZINIFEX..ZFX

Then please explain to me why ZFX went down 11 cents today but most
people knew today that it was going to be included in the ASX 100 and certainly all institutions knew this more than likely sometime ago - or are
they just stupid and wait a few days to give the little investor a chance
to buy before they jump in and drive the price up to the magic $4.00 mark.
 
Re: ZINIFEX..ZFX


I think it would be highly likely that most informed and educated people would be of your same opinion. Chicken is passionately positive on this stock, and fails to recoqnise the opinions of those who differ. For that reason I wouldn't take too much notice of what has been stated.

Ultimately we'll see what happens with this stock.
 
Re: ZINIFEX..ZFX


Hi Chicken,

ZFX will probably rise because of 2 reasons:

1) ZFX replacing WMR
2) NWS being withdraw from the index.

Normally, pure index funds will simply buy more of what's left in proportion to their index weighting, this will happens close to the 17 June and I expect a raise by that time.

Additionally, next week is going to be very interesting with all the BHP money, I am guessing a big jump in all indexes including ZFX. I also read an article today talking about all this takeover money stuff and they predict a $25 billion will be reinvested over the next few weeks in the sharemarket. (BHP-WMR, Foster-Southcorp, Woolies-Foodland, San Miguel-NatFoods.

WBII
 
Re: ZINIFEX..ZFX

Snake Pliskin said:
In your opinion would it be prudent to buy ZFX this week?
Click to expand...
You are a funny person....Your buy and sell is your decision....we cannot advise you when to buy...ring your broker or do your research..read what was said on the board....As we are NOT REGISTERED TO ADVISE YOU....
 
Re: ZINIFEX..ZFX

chicken said:
You are a funny person....Your buy and sell is your decision....we cannot advise you when to buy...ring your broker or do your research..read what was said on the board....As we are NOT REGISTERED TO ADVISE YOU....
Click to expand...

I wasn't after a response from you Chicken. I was after a response from a courteous poster. I'm not looking for advice, just interested in what people have been saying. Phrasing one question will and does scare people away, I gues that is a way of determining the quality of the information being received.

I'm sorry for upsetting you Chicken, I really am.
 
Re: ZINIFEX..ZFX

You dont upset me.....The shareprice is rising as I predicted it..to go below $3...will not happen as next week it will happen what Warren posted as far as if it was prudent to invest at this stage...what did Maquarie say..firstly they placed Zinifex on Neutral from buy..but that could be manipulated to bring the price down for the brokers to buy...so I am buying at present but that is what I am doing after selling at $3.22 the other day...so your trading is up to you also Maquarie said its a buy to $4...and they quoted the stock is worth on todays Zinc spot prices $4.98 so there you have it...but buying must be your own decision
 
Re: ZINIFEX..ZFX

To Snake Pliskin I can't give you any advice to buy or sell I can just
advise you to be careful when listening to people ramping about certain shares,it probably means that they themselves have brought these shares at a much higher price and now need for the price to go back up or face a heavy
loss which can make them very passionate.
eg Krisbarry and LVL
 
Re: ZINIFEX..ZFX

Snake Pliskin said:
In your opinion would it be prudent to buy ZFX this week?
Click to expand...

I just think that buying above $3 is risky at this stage. I also think this stock can go up to around $3.20-3.30 again.
 
Re: ZINIFEX..ZFX

Sorry..it was UBS said from buy to neutral...now Warren...they also said 8 brokers are Neutral whereby 5 brokers have a positive BUY on this stock...what it means the Brokers are not sure a buy or a neutral....it also said that valuation at present of $3.10....could become $4.98 at present spot prices.....so who said its not a buy above $3....the market will show next week as soon as we are included in the ASX100 what this price will be you even agreed with me...have you not stated in your post...$25 billion will hit the market...and replacing WMC...I feel is great for ZINIFEX...and also for anny shareholder....and Barclay adding more...I wonder why...I am sure the millions they invested is for a good reason.......
 
Re: ZINIFEX..ZFX


Hi Chicken,

I'll rephrase my comment, I should say it is risky to buy above $3 but I also think it is a buy at the moment for those who understand the risk.

I just checked the website you posted before www.kitcometals.com and found this interesting article:

http://www.platts.com/Metals/News/6849162.xml?p=Metals/News&S=n

This adds more fuel to this stock for the coming weeks.

WBII
 
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