Australian (ASX) Stock Market Forum

ZFX - Zinifex Limited

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GreatPig said:
Tomorrow could be interesting.

GP
Click to expand...

Certainly will Greatpig

I favour another move down - todays move up was a bit weak for my liking, low volume - the sellers are on holidays IMO. The fundamentals for the company are undeniable, but technically I see weakness..... With my limited EW knowledge, I have a similar count to that of Nick.......

On the flip side, this stock is the monster of all dividend stripping opportunities..... and boy did the last time prove profitable......

Cheers
 
reece55 said:
Certainly will Greatpig

I favour another move down - todays move up was a bit weak for my liking, low volume - the sellers are on holidays IMO. The fundamentals for the company are undeniable, but technically I see weakness..... With my limited EW knowledge, I have a similar count to that of Nick.......

On the flip side, this stock is the monster of all dividend stripping opportunities..... and boy did the last time prove profitable......

Cheers
Click to expand...
Hi Reece,
What holidays? Only University professors/students and Chinese are on holidays @ the moment. :confused:
If the sellers are on holidays, the buyers could be on holidays as well!
Cheers
 
Toothfairy
I meant symbolically mate, not literally........

There has been a lack of sellers that has caused the price to go up without the volume associated with a strong move.......

Cheers
 
Hi GreatPig,

You're right. Tomorrow will be interesting.

Not knowing what the report will bring has kept me in long ... being greedy perhaps ... but I have the exact same trendlines on my chart and so would otherwise have quit my calls this arvo.

I'm going to be watching closely in the morning. :cautious:

Regards, Art
 
Artline said:
Hi GreatPig,

You're right. Tomorrow will be interesting.

Not knowing what the report will bring has kept me in long ... being greedy perhaps ... but I have the exact same trendlines on my chart and so would otherwise have quit my calls this arvo.

I'm going to be watching closely in the morning. :cautious:

Regards, Art
Click to expand...
What's happening tomorrow ?
 
They're an exploration company (copper, zinc, lead) up in the northern part of Canada. Teck Cominco have intersected some significant ore bodies up in that part of the world which remain undeveloped (in one presentation they noted that they had intersected a section of ore grading 65% zinc, so it would have to be diluted with rock to be made into concentrate - crazy). This is also broadly where Red Dog, the largest zinc mine in the world, is located (ok, so Northern Canada is a big area, but you get the picture). At first glance looks like a good deal to me, will be interested to see what the market makes of it. According to Bloomberg Wolfden;'s deposits could be worth 20b - i'm assuming this is in situ value not NPV.
 
reece55 said:
Toothfairy
I meant symbolically mate, not literally........

There has been a lack of sellers that has caused the price to go up without the volume associated with a strong move.......

Cheers
Click to expand...
Reece,
if there is a lack of sellers and they are not on REAL holidays that can only mean that :
1 they are watching
2 they think price will go up so sell later
3 they know something that we don't
4 Or they are plain wrong
take your pick. I pick 3.
Cheers.
 
Hi Fab

In response to your question "What's happening tomorrow?", I was referring to the chart that GreatPig had posted.

It showed ZFX touching the trendline that I had been watching, and where I was planning on getting out of my long calls.

The only reason I was hanging back, was because of the compny report coming out on Thurs ... especially after missing out on the run up with BHP and RIO when the market responded well to their reports.

Looking at the price this morning, I'm rather pleased I'm still in :D

Regards, Art
 
Have been trying out VSA/Wyckoff priciples with ZFX, has panned out quite well so far...
 

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Haven't updated the P+F for a couple of days but was also promising at time of entry...
 

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Re: ZINIFEX..ZFX

Fleeta said:
Read a Huntleys report that said...

'As an unhedged, integrated lead-zinc producer, ZFX's volatile fortunes are tied to the A$ zinc and lead prices.'

'We are wary of the inherent risks involved with the business model and the potential for legacy liabilities.'

'The prospective FY05 PE of less than 10 is not a sufficiently attractive discount for this capital hungry company'

Personally I think that lead and zinc have had their run.

But hey, it's going well now isn't it...
Click to expand...

Zinc and lead price should continue to rise. :)
 
Re: ZINIFEX..ZFX

michael_selway said:
Rise slowly is ideal, so in order to let LME supplies drop first

thx

MS
Click to expand...

Zinc demand in China has picked up. Currently zinc price in China is higher compared to LME, so a lot of China merchant will draw zinc out from LME warehouses. Hence inventory will continue to fall in the short term.

As for lead, inventory has been falling for month, almost at an continuous basis. And also same issue for zinc, currently lead price in China is higher compared to the price at LME. :)
 
Re: ZINIFEX..ZFX

BREND said:
Zinc demand in China has picked up. Currently zinc price in China is higher compared to LME, so a lot of China merchant will draw zinc out from LME warehouses. Hence inventory will continue to fall in the short term.

As for lead, inventory has been falling for month, almost at an continuous basis. And also same issue for zinc, currently lead price in China is higher compared to the price at LME. :)
Click to expand...

Is there a public resource you use to get the zinc price in China?
 
Well, todays strength was something I didn't expect......

Looks like we may be out of the downtrending band it has been in of late.......

Kauri, thanks for your take on the charts here........ good stuff......

I actually traded long in ZFX a couple of days ago for a swing trade from 15.70 to about 16.50 via a warrant, but I thought we would see it bounce back down to say 15.00 or below before heading back up.... Looks like I might have missed the boat....

Best of luck to all holders here and all you zinc bulls!

Cheers
 

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