ZFX - Zinifex Limited

[michael_selway]

I'm thinking that ZFX run might come to end soon, maybe around the $14.00 mark. This stock was under $11.00 in last few days of Sept, so we have had a 25% increase in the price (this is not including the 70c divvy).

I guess the only downside of this is that it will not last forever, so the next 18 months are critical to make the most of any investment in ZFX.

Cheers
muzz

actually imo, i think the "spike" hasnt come yet, so blue skies the limit

until yes, when LME "ins" come in thick and fast will zinc price start coming down

thx

MS

 

[imajica]

If ZFX can break through their previous high of $13.60

this will be interpreted as an overtly bullish trend and the share price will continue to push higher

 

[pacer]

Muzz and Nizar, I think it will hit an all time high soon 15-17$ possibly, before a retrace to $13.50, which will be the lowest it will go.......It's never too late to get on a Bull run.

With profits soaring they should be able to pay higher wages and therefore attract more, and better skilled workers (like myself), and overcome other costs effectively without affecting the bottom line drasticaly.

 

[Fab]

I don't think I remenber saying that I thought ZFX was in a downtrend nevertheless I would noyt be surprised if some profit taking was going to happen in the next week or so. I believe it will correct before rising again. Just my opinion

 

[dlineinvestor]

Although I hold ZFX I too am waiting for this retracement for a top up

 

[Jay-684]

closed on its all time high - $13.60

any ideas what this could mean in terms of resistance? positive or negative?

I'd be thinking positive provided it moves past it in the coming days

 

[silence]

I think the direction at tomorrow's open will be interesting and most likely show what's going to happen over the next few weeks..

 

[rederob]

I think the direction at tomorrow's open will be interesting and most likely show what's going to happen over the next few weeks..

I doubt it.
ZFX will continue to rise markedly on the weekly charts, and any particular short term action will simply present a buying opportunity.
I suggest you take when it comes, coz next time you will slugged a fair bit more for the same privilege.

 

[silence]

Well, surely an all time high has to be of some significance (resistance). I do hold ZFX (B@$11.13) and won't be looking to sell for 12 months+. As you said I will be taking buying opportunities.

 

[michael_selway]

Well, surely an all time high has to be of some significance (resistance). I do hold ZFX (B@$11.13) and won't be looking to sell for 12 months+. As you said I will be taking buying opportunities.

Hi Silence, just wondering do you keep and eye on LME prices and On warrant?

http://www.kitcometals.com

thx

MS

 

[Kipp]

closed on its all time high - $13.60

any ideas what this could mean in terms of resistance? positive or negative?

I'd be thinking positive provided it moves past it in the coming days

Jay- I'm no great techie but I've been watching ZFX very closely near the 13.50 resistance line. The vol was pretty weak today (1.9 mill) but I'd still expect a breakout tomorrow/wed. Next line of resistance I'd assume $14.20 (this prediction is a bit random- but I'm going on support/resistance line for ZFX have roughly been 70cents apart).
Hopefully Kennas or another t/a will post a chart for us to cheat of!!!

 

[Sean K]

I think the real resistance was around $12.00. There was some at $13.50 as we've seen the past 4 days. Sitting at $13.60 now, but hasn't held above long enough to have truly 'broken through' imo. Needs 3 days ish. Finishing at it's high was very positive but as Kipp said lower volume than normal. Zinc off 2% overnight so it might pull back to $13.50. If it holds there, we might see that set as a new support level, but I think around $12.00 will prove to be the most solid line of support in the coming weeks, then $11.00 if things go pear shaped. It's ran pretty hard since late Sep. Taking out the April/May abberation, it's trending up nicely. As far as projections go, it's blue sky above $13.60, who knows....It's trading on a PE of around 6, so there's plenty of scope for it to rise further, especially if POZ keeps going up up and away. On the other hand...

 

[Damuzzdu]

I think the real resistance was around $12.00. There was some at $13.50 as we've seen the past 4 days. Sitting at $13.60 now, but hasn't held above long enough to have truly 'broken through' imo. Needs 3 days ish. Finishing at it's high was very positive but as Kipp said lower volume than normal. Zinc off 2% overnight so it might pull back to $13.50.

I think today's action will be interesting. Vol yesterday was very low and not all convincing. The rate of increase seems to be slowing. If ZFX stalls at these prices, this will make short-term traders get more anxious as the days go by and eventually it will be subject to profit taking, that is where the long term investors (like me) can then take advantage of lower prices.

I'm with you Kennas in that resistance was around $12.00 mark, although I think $12.35 mark was the real resistance point, and it seems to have over come that mark.

Cheers
Muzz

 

[Kipp]

POZ... I like it kennas- Gen Y speak...
According to yahoo finance ZFX QTRly due out today- keep an eye out for it. Surely all of their random exploration across Australia (30 Mill per year with a handful of different JBV partners) is due for something soon.

 

[Damuzzdu]

POZ... I like it kennas- Gen Y speak...
According to yahoo finance ZFX QTRly due out today- keep an eye out for it. Surely all of their random exploration across Australia (30 Mill per year with a handful of different JBV partners) is due for something soon.

Kipp,

Yahoo dates are wrong...click on the link from the companies website.

http://www.zinifex.com/index.aspx?link_id=16.802

Report is due on Thursday before market opens.

Cheers
Muzz

 

[michael_selway]

It's trading on a PE of around 6, so there's plenty of scope for it to rise further, especially if POZ keeps going up up and away. On the other hand...

Kennas, what do u think might make the price of Zinc fall atm?

thx

MS

 

[Sean K]

Kennas, what do u think might make the price of Zinc fall atm?

thx

MS

MS, can only be supply demand evening out. I don't know enough about international zinc production and consumption to know if supply is going to catch up, I just go off what is written in the newspapers.

Is there ANY chance that supply can catch up to demand in the forseable future?

The old chestnut - US recession, China slow down, blah blah, must be a possible cause?? But even if that happens, how long before it really effects POZ?

 

[Kipp]

Kipp,

Yahoo dates are wrong...click on the link from the companies website.

http://www.zinifex.com/index.aspx?link_id=16.802

Report is due on Thursday before market opens.

Cheers
Muzz

Dammit- sorry all.. yahoo is a bit sketchy I admit... but still ok for charting.
At leat I was right about JVs... BSM Hellyer results released today. Having trouble reading though (stupid computer!) I'll try posting it later.

 

[nizar]

MS, can only be supply demand evening out. I don't know enough about international zinc production and consumption to know if supply is going to catch up, I just go off what is written in the newspapers.

Is there ANY chance that supply can catch up to demand in the forseable future?

The old chestnut - US recession, China slow down, blah blah, must be a possible cause?? But even if that happens, how long before it really effects POZ?

2008
but if your looking long long term, century is the worlds 2nd biggest zinc mine and its gone in 7 years so i wonder what that will do to the spot price? WHat will replace it? UCL's project in Iran?? LOL i doubt that project can ever get off the ground!

AIM i reckon is another one to look at. There production will be coming when zinc supplies will be severely depleted in 9 months time.

 

[michael_selway]

2008
but if your looking long long term, century is the worlds 2nd biggest zinc mine and its gone in 7 years so i wonder what that will do to the spot price? WHat will replace it? UCL's project in Iran?? LOL i doubt that project can ever get off the ground!

AIM i reckon is another one to look at. There production will be coming when zinc supplies will be severely depleted in 9 months time.

What about Dugald River in QLD? ZFX lookign to explore there?

thx

MS