Australian (ASX) Stock Market Forum

ZFX - Zinifex Limited

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toothfairy said:
John,

thanks for your reply, it is helpful to know that can't be helped anyway. Do you think the LME or Kitco price has more bearing on the Zfx SP? May be at the end of the day (or a few days) they catch up or down with each other anyway. We can get the LME price updated @ 8:00am next morning on the Zfx website, what's the earliest time they post it on Basemetal?

I am bracing myself for a 4-5% drop in Zfx price tomorrow morning. I have a large holding (bought average $11.00) but managed only to sell 1/3 @ 16.10. Rederob seems to say it will be alright in a few months.

Good luck, cheerrs.
Click to expand...

tf,

More bearing - I would say LME as most professional and insto get the live LME data, so they know the score. But certainly for us smaller investors/traders kitco becomes the benchmark. What I do is try to confirm the kitco price thru several other sources, namely my broker publishes a daily bulletin just before opens and this has Zinc prices and also commsec has a site where they do a daily commodities report which is published quite early. I also watch bloomberg TV as they put up the LME 3 mth fwd prices, every half-an-hour. So if you have foxtel , you can get it there live, but only every 30 mins or so.

Earliest time basemetals puts up proper LME prices is around 2.00pm ESST.

Yes I think ZFX could come under some selling pressure in the morning. I too have a large holding in ZFX (20K) brought in June, so i'm going backwards at this stage, but not really worried as I am in for long haul to reap the divvys in the next yr or so.

Cheers & good luck
john
 
Damuzzdu said:
tf,

Yes I think ZFX could come under some selling pressure in the morning. I too have a large holding in ZFX (20K) brought in June, so i'm going backwards at this stage, but not really worried as I am in for long haul to reap the divvys in the next yr or so.
;)
Cheers & good luck
john
Click to expand...

john,
can't see how you are going backwards, June was the best recent time to pick up ZFX between $10-11.

tf
 
toothfairy said:
john,
can't see how you are going backwards, June was the best recent time to pick up ZFX between $10-11.

tf
Click to expand...

tf,
Maybe I was not clear....since I did not sell at prices over $16.50 I'm losing profits, but i hope I will regain these gains soon...

My ave price is now under $9 inc the 70c divvy just rec'd, as I bought in 3 lots, one lot on 14/6 the big down day. That was a bit of luck :)

Cheers
john
 
From another board:

ZFX upgraded to buy by citicorp; Target $19.40

Profit forecast 2007 is $1.8billion
Dividend estimate $2.70
 
nizar said:
From another board:

ZFX upgraded to buy by citicorp; Target $19.40

Profit forecast 2007 is $1.8billion
Dividend estimate $2.70
Click to expand...
Niz my friend it is definately time you picked up a few shares... you know that sitting on the sidelines is killing you... lol
 
Kipp said:
Niz my friend it is definately time you picked up a few shares... you know that sitting on the sidelines is killing you... lol
Click to expand...

It is indeed...
Iv got my finger on the trigger.

This company is a winner.
 
It really doesn't like getting below $15 dollars does it? I wonder if this will be the end of the selling in this stock. Especially as the zinc price may have stabilised.
 
ZFX has bounced back nicely, in line with other zincers I suppose. Not sure how much there is to tell from the chart except its going long term UP!

As with most zn stocks it probably ran too hard and was flying away from the 200d ma, indicating that it needed to pull back at some point.

Then, after the pullback was heading towards the lower end of the Bollinger Band and what should have been support around $14.00 which saw it bounce. Probably a little earlier than expected to me. I thought it might have found $13.00.

Now the momentum indicators are saying it's heading back up again. (Doh!) MACD just starting to converge which is a good sign. Early days of new up trend perhaps. Stochastics went oversold and are now heading up, but not oversold. This is in good buy territory in theory.

Very good long term support at previous strong resistance at $12.00, but it's hard to see it getting back there unless someone pulls a few million tons of Zn out of their a@r#se.
 

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kennas said:
ZFX has bounced back nicely, in line with other zincers I suppose. Not sure how much there is to tell from the chart except its going long term UP!
Click to expand...
I topped up again in the low 15s, as I didn't think it was going to get much lower, and it looks like zinc prices are going back up again. Was hoping to get more in the lower 14s, but that proved a bit optimistic I think. Time will tell if I made the right call I guess...
 
Well said Kennas....... checking my bum right now....no....there aint none there...see you around $17.90+...hehe....:p:.....will we see a head and shoulders?...KZL looks like it may do one.....if it does, what will ZFX do?

Zinc is up on LME .....:)


Kennas said.........
it's hard to see it getting back there unless someone pulls a few million tons of Zn out of their a@r#se.[/QUOTE]
 
chops
Rest easy.
If ZFX doesn't get to $20 very soon, I will buy all your shares from you at market so that you are not disappointed.
We are in for a massive commodity rally leading into Xmas.
Put on your seatbelts, folks.

OOooops, was that ramping?
So be it!
 
rederob said:
chops
Rest easy.
If ZFX doesn't get to $20 very soon, I will buy all your shares from you at market so that you are not disappointed.
We are in for a massive commodity rally leading into Xmas.
Put on your seatbelts, folks.

OOooops, was that ramping?
So be it!
Click to expand...

red i thought you said there was more ST price drop to come for zinc?

thx

MS
 
chops_a_must said:
I topped up again in the low 15s, as I didn't think it was going to get much lower, and it looks like zinc prices are going back up again. Was hoping to get more in the lower 14s, but that proved a bit optimistic I think. Time will tell if I made the right call I guess...
Click to expand...

There is also a gap on the chart to be filled. There may be another opportunity to buy again before i goes mich higher. Any EW pickers want to put thier slant on it?

Cheers,
 
rederob said:
chops
Rest easy.
If ZFX doesn't get to $20 very soon, I will buy all your shares from you at market so that you are not disappointed.
We are in for a massive commodity rally leading into Xmas.
Put on your seatbelts, folks.

OOooops, was that ramping?
So be it!
Click to expand...


20-plus i reckon.
Wait till all those analyst upgrades come in.
Any1 going to the ZFX agm on monday?
 
michael_selway said:
red i thought you said there was more ST price drop to come for zinc?

thx

MS
Click to expand...
MS
I recall that was around 16 November.
I don't know if it was here or elsewhere that I said to start buying zinc eqities on Moday 20th (I know that Julia knows my views on this for certain).
I reckon 2 trading days is short term enough.
 
red: do you forsee buyers cutting their demand to 'fake' the market at the new higher prices (as you said there was last time it reached this level due to the backwardisation) or will the demand continue as normal?
 
rederob said:
chops
Rest easy.
If ZFX doesn't get to $20 very soon, I will buy all your shares from you at market so that you are not disappointed.
We are in for a massive commodity rally leading into Xmas.
Put on your seatbelts, folks.

OOooops, was that ramping?
So be it!
Click to expand...
Heh, it's going to be an interesting ride regardless. Especially considering that the instos dumped ZFX, and now they will have to get back in at a price higher than what they dumped them off at.
 

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