chops_a_must
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So how is that different from what I have said above?reece55 said:
ZFX - Zinifex Limited
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Sorry Chops, didn't see your post before indicating your prediction of a fall to about the 16-17 mark....... All I was indicating was that a PE methodology here needs to be put into perspective with the fundamental values of the Company...
Cheers
Reece
Cheers
Reece
chops_a_must
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Yes, I think they realise that their mine life is the biggest problem. But if you believe their announcements, mine life should extend beyond 2020.reece55 said:
http://imagesignal.comsec.com.au/asxdata/20061127/pdf/00671688.pdf
See page 28.
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It remind me a couple of years ago when JBM is around $4, with PE of 5-6, and 8% dividend. I did not buy it because of the estimated 5yr mining life. It ends up as big mistake obviously.chops_a_must said:
Finally I realize that big mining companies always has the edge to find more deposits when management is good enough. The have the money, people and skill.
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I kept reading that PDN was overpriced, overpriced, and overpriced, so left it alone last year (2005).mmmmining said:
This year I bought into PDN, twice, on retraces and I still hear people saying it's overpriced.
If I see PDN retrace again, I will buy more again.
ZFX is in a different camp to PDN - base metals versus "energy".
However, if I were asked if it was worth buying ZFX at its present price, my answer would be yes.
However, I prefer to buy the dips and personally would not buy into ZFX above $17 at the moment.
That said, there is nothing saying ZFX will get down to $17.
Technically, it's over-extended and needs to consolidate in the broad $15 to $18 range before making a concerted attack on $20.
Then again, there are some chartists that see a very low price for ZFX in the near/medium term.
They could be right, too.
But then again...... ....... ......
Indeed I believe in ZFX too and I am playing to buy into it between $13 -$15 if it ever go back there.
I bought more PDN on friday and I think that they will go much higher if production ramp up as per expected. It might drop big time if there is any delay even if it is a small one as the market valuation is already very high for PDN
I bought more PDN on friday and I think that they will go much higher if production ramp up as per expected. It might drop big time if there is any delay even if it is a small one as the market valuation is already very high for PDN
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ZFX has now hit the $19 mark and still looks strong.
I think that it is still underpriced with a low P/E
Will continue to move up in the traditionally strong first half of Jan market up towards and above $20.
I think that it is still underpriced with a low P/E
Will continue to move up in the traditionally strong first half of Jan market up towards and above $20.
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Finished very strongly.
Ended on the high for the day.
Very strong signs for a continued push upwards over the next few days!
Ended on the high for the day.
Very strong signs for a continued push upwards over the next few days!
michael_selway
Coal & Phosphate, thats it!
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MiningGuru said:
Not over a few days, but this whole year i think
Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 219.9 345.9 266.3 152.8
DPS 80.0 160.7 106.5 69.0
thx
MS
chops_a_must
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And the techies come a cropper on ZFX again. Certainly is a hard stock to predict the movements of.Rafa said:
Maybe people are becoming convinced of a long term gain, and reluctant to sell at this price?
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I'm not sure I would call a few years of trend "fast".machi said:
Anyone still on ZFX having bought in 2005 will probably have the stock paid for in dividends returned in the next 2 years: The rest will be profit.
I also think the notion of ZFX's price being "smashed" in a matter of weeks is about as probable as man landing on Mars in the same time frame.
Any techies wanting to put the Elliott Wave counts up?
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If you read the gold thread carefully you will find I was tipping gold to go to $700 in 2006 - did the techies have it dead and buried? - and $850 in 2007, before ducati chimed in with his obfuscation.machi said:
In fact, a year ago when I began posting here gold was only in the $500s and I was "warned" about possible ramping from the likes of Rich Kid and WayneL.
I was so wrong, apparently, that along with tipping silver and gold as "buys", I also added "zinc" to the mix.
ZFX was trading at around $8 at that stage and I must apologise back then for my cockiness too.
rederob said:
I did bother to read the Gold Thread carefully RED. All I saw was chartists posting EW charts calling for a top in April and May of 2006 were spot on to a few dollars within the peak also tracked the price decline pretty close thereafter!!
https://www.aussiestockforums.com/forums/showthread.php?t=2366&page=23&pp=20
Thereafter you went into hibernation for a while but the duc caught up with you.
No doubt a similar story will be told again with zinc
