ZFX - Zinifex Limited

[stoxclimber]

It didn't really turn down..only a tiny amount.. seems that a major holder are selling out of ZFX judging by the volume vs average volume though.

 

[chops_a_must]

It's just nerves to do with interest rates and exports etc.

But with the aussie dollar going up, and no zinc in inventories, they are going to be forced to pay the higher price anyway. So long as the Zinc price goes up, and that's logically the only possibility, then zinifex will continue to go up. It's still got a long way to go.

 

[chops_a_must]

After bottoming out at 16.36, it looks like it's coming back with a vengeance.

Up 10 cents in 10 minutes. Few sellers. Don't really know why it went down in the first place.

 

[pacer]

Every up needs a down....this could play to the $20 mark..but I'll have to pour another bourbon to confirm that .....lol

All fundies are on track... DONT PANIC!....hitch hickers guide to the galaxy...hehe

I'd be worried if it was 3% down.....buy more today!....ramp...ramp...!!!!!

 

[stoxclimber]

was quite suprised to see KZL and ZFX both down given the zinc rise overnight..but thats the market i guess

 

[michael_selway]

After bottoming out at 16.36, it looks like it's coming back with a vengeance.

Up 10 cents in 10 minutes. Few sellers. Don't really know why it went down in the first place.

higher interest rates i think

thx

MS

 

[pacer]

More likely the Melbourne cup hangover, Mike.....interest rates would increase the cash ZFX has in the bank!....they are one hugely cashed up company and looking for takeover opportunities......but what the heck would I know?...

 

[chops_a_must]

More likely the Melbourne cup hangover, Mike.....interest rates would increase the cash ZFX has in the bank!....they are one hugely cashed up company and looking for takeover opportunities......but what the heck would I know?...

They are indeed!!

http://www.smh.com.au/news/business...seas-for-growth/2006/11/08/1162661755459.html

 

[chops_a_must]

Geez, Zinifex is copping a pounding. Massive profit taking.

 

[alankew]

Anyone know if any of the junior explorers mentioned in the article above are listed in Australia.Doesnt mention specific companies

 

[Fab]

I believe this is only a vey short term correction because of the overnight Zinc price drop it should go back up as soon as the zinc price resume its upward trend

 

[chops_a_must]

People have been picking up some bargains the last few days as Zinc goes on another drive, crazy.

 

[barney]

Zinc is up just over $2.06 US lb atm (3.17 am).

DOW is down 19 pts. Nasdaq is up 14 points

 

[mre83]

Hey where can one go to find updated prices of zinc...?? any good websites..???

 

[chops_a_must]

Check out the zinc thread.

 

[Jay-684]

Hey where can one go to find updated prices of zinc...?? any good websites..???

www.kitcometals.com

 

[pacer]

A good time to top up?.....I did......at 16.10.....

 

[stoxclimber]

getting killed today...I guess people are discounting a zinc crash on the LME tonight...we'll have to wait and see..

 

[pacer]

Will zinc drop though? and why?.....good time to top up....but funds are scarce ....damn!

 

[Fab]

I think it was expected after friday zinc drop but I believe this will be short lived and provide a very good opportunity to re-enter ZFX. Can't see why ZFX would drop as zinc is in short supply and with almost no reserve left.