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FAB are you serious?? Are you saying just because zinc went up so should ZFX??Fab said:
FYI ZFX had there AGM today, i would suggest having a read of that may indicate the stocks price action.
ZFX - Zinifex Limited
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FYI ZFX had there AGM today, i would suggest having a read of that may indicate the stocks price action.
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Come on guys...if any of you seriously thought ZFX would have lower costs this year then you are seriously ignorant of the state of the resources sector at the moment..
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Purely on fact I cannot find a reason for the slight decline of SP. Most factors point to a rising SP. The AGM news is fairly good Zinc is steady and according to indicators should breach 17.00 this week. Any input from others ?
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im neither a bull or bear on ZFX, i was simply pointing out that to think a stocks price will go up just because the related comoddity has a better night is both naive and uneducated.dlineinvestor said:
Sean K
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I think it's just resistance to move through the all time high, nothing more. Is expected. Profit takers moving in to take advantage of the recent increase.
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spitrader1 said:
I can't agree - recent history suggests that is not the case...
chops_a_must
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Yep. When it pushes to the high 16s, it invariably immediately pulls back. But each time it does it, it gets closer to going through.kennas said:
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i am talking intraday-which is what the poster is referring to. I agree that majority of the time sure, it should go with the price of the commod. But when you have other things factored into the equation-like for instance the companys AGM, i beleive it is silly to not think there are other market forces pushing the stock around.stoxclimber said:
dlineinvestor said:
Really?
I was there, and didnt get any positive vibes.
Board got drilled on renumeration and Greg Gailey first stated that they are doing exploration around Century but then he goes that they are not aiming to increase production there and that 500ktonnes is the maximum output.
chops_a_must
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Strange.nizar said:
It reads fairly well. It seems like they are aiming at extended mine life rather than increased production.
It's interesting how much you miss when you aren't actually at an AGM.
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I bailed out this morning ...... ABC news saying a 10% increase in costs....time to look elsewhere for another play.....it's going sideways if you ask me.
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Zinifex expects the outlook for zinc prices to more than compensate for the effects of higher costs in the 2006/07 financial year.
If the zinc price stays where it is today, we'll do better than last year.
Mr Gailey said the company is not in talks and has had no formal approaches regarding a takeover, but an approach was not out of the question.
If someone wants to buy Zinifex the only issue is price.
IMO .... Rising costs will hopefully be absorbed and any downturn in SP could mean an attractive re-entry price. Zinc is still in high demand and thus the analogy of supply and demand is still in effect over the SP. Lets see what future ... zinc prices bring.
If the zinc price stays where it is today, we'll do better than last year.
Mr Gailey said the company is not in talks and has had no formal approaches regarding a takeover, but an approach was not out of the question.
If someone wants to buy Zinifex the only issue is price.
IMO .... Rising costs will hopefully be absorbed and any downturn in SP could mean an attractive re-entry price. Zinc is still in high demand and thus the analogy of supply and demand is still in effect over the SP. Lets see what future ... zinc prices bring.
michael_selway
Coal & Phosphate, thats it!
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pacer said:
oh thats a tough call, i wouldnt bet my house on ZFX falling or going sideways into 2007, ignoring "corrections" if any
Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 219.9 314.8 238.1 172.5
DPS 80.0 140.0 100.0 69.5
EPS(c) PE Growth
Year Ending 30-06-07 314.8 5.3 43.2%
Year Ending 30-06-08 238.1 7.0 -24.4%
thx
MS
chops_a_must
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I don't see how the rising costs are any different to any other companies in Australia at the moment.dlineinvestor said:
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why isnt ZFX up today with the comodd up o/nte??stoxclimber said:
today is a classic exmaple of my argument yesterday
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zinc prices fell 1.88% according to Self Trade, 1.47% according to kitco, rather than a rise and down US$65/ton according to Zinifex's website.
qed
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On the other hand, today ZFX & zinc moved in opposite directions (so far), and I couldnt be happier that you are right=)
additionally the capital costs for dugald river were very low at <$500M cost.
This will boost their zinc output by 33% by 2010. So zinc prices can fall 33% and still a lot of revenue, billions in fact. Its likely the extra production will simply be absorbed by chinese users anyway
This will boost their zinc output by 33% by 2010. So zinc prices can fall 33% and still a lot of revenue, billions in fact. Its likely the extra production will simply be absorbed by chinese users anyway
