ZFX - Zinifex Limited

[pacer]

I jumped in 5 mins before close yesterday for 3000 and sold 7mins before close today....recon this isn't the last of it so I bailed with enough to go on holiday for a week or two....

My small caps are holding up well and seem to fall overnight them come back by the end of the day creating some great buying oportunities.

Caution over the next few weeks is all that's necesary.

 

[Halba]

Any comment on the recent(24hrs) strengthening of zinc price? In my opinion this share has rebounded once again from $15's regions. Anyone going to take a possie on the up, and try to ride it back to $18?

 

[mmmmining]

For Zinc lover, here is an article:

http://www.mineweb.net/whats_new/655167.htm

 

[UraniumLover]

Any comment on the recent(24hrs) strengthening of zinc price? In my opinion this share has rebounded once again from $15's regions. Anyone going to take a possie on the up, and try to ride it back to $18?

Good call HAlba. The 70 cent dividend 30 March is too good to pass. It's like a carrot in front of me. When you consider Zinc stocks in LME have been declining last 2 weeks sharply it is hard not to ride this one , take the dividends , go to 18 and laugh all the way to the bank.

 

[barney]

I jumped in 5 mins before close yesterday for 3000 and sold 7mins before close today....recon this isn't the last of it so I bailed with enough to go on holiday for a week or two....

My small caps are holding up well and seem to fall overnight them come back by the end of the day creating some great buying oportunities.

Caution over the next few weeks is all that's necesary.

Well done Paceman, your timing is good as always (sure your'e not a muso??)

ZFX is taking a bit of a punishment today, as many in this thread have predicted earlier ............ will be interesting to see how it finishes off the day, and how the market reacts on open tomorrow .............. any of you more learned lads like to put some TA on the current situation ........... Currently trying to tread water at mid 16.20's , but looking precarious if the sellers jump back in after lunch ??............. (the volume is only moderate at this stage so maybe a few getting out "just in case" )

 

[Halba]

punishment unrelated to zinc - apparently some explosion at port pirie left a worker seriously injured..however not mkt sensitive.

The explosion occured this morning and is not expected to have a material impact

 

[barney]

punishment unrelated to zinc - apparently some explosion at port pirie left a worker seriously injured..however not mkt sensitive.

The explosion occured this morning and is not expected to have a material impact

Howdy Halba, I guess with the market being a bit "nervous" atm, even a non market sensitive issue could entice some to jump ship ........... then again, who knows what makes the market react how it does at times Cheers.

 

[pacer]

I don't believe the correction is over.

I will be looking for more opportunities below $16, preferably below $15.80, dont ask me why I think it will go down there you'll just laugh at me and my tealeaves and bone throwing antics....baisicaly DYOR.

WPL could be the next play for me even though there's ageneral down trend, it's so damn cheap ATM.

Barney...hows it going...made back that loss yet?....wish you good luck mate...enjoy.

 

[misterS]

Someone made the observation in another thread that good dividend stocks become even more attractive for fund managers who have suffered under the market decline - this should make the 70c in April generate a bit more upward pressure on ZFX than otherwise.

 

[Out Too Soon]

Someone made the observation in another thread that good dividend stocks become even more attractive for fund managers who have suffered under the market decline - this should make the 70c in April generate a bit more upward pressure on ZFX than otherwise.

Doesn't seem to be happening at the moment, ZFX is standing still while most of the ASX50 is up. Not WPL tho' hope you havn't jumped on that yet Pacer, be ready tho' I think it's cheap too. (BSG's even better )
If ZFX drops again I'll cert be buying more, what I'm holding is way in the red atm.

 

[Halba]

Hi out too soon. Going down because of the port pirie explosion damaged sentiment. If it didn't have that would be fine.

 

[Julia]

Hi out too soon. Going down because of the port pirie explosion damaged sentiment. If it didn't have that would be fine.

Are you sure? What about the drop in the zinc price?

Julia

 

[eMark]

Someone made the observation in another thread that good dividend stocks become even more attractive for fund managers who have suffered under the market decline - this should make the 70c in April generate a bit more upward pressure on ZFX than otherwise.

I don't know. I believe ZFX will trade sideways for a couple of weeks. It will certainly be down again on Monday due to a 3% drop in the Zinc price. It will probably wake up agin in the last 7-10 days pre the ex-dividend date (April 5)? But where to...??? I can see a low of mid $15's again soon, but where will it be just before ex dividend? Interesting....

 

[eMark]

If ZFX drops again I'll cert be buying more, what I'm holding is way in the red atm.

If it makes you feel any better, I was all ready to sell ZFX, the day before the correction (would have paid off a recent loss or two), plus given me a nice profit. But instead I held.........Also bought back in just before ZFX dipped again last week (fairly large parcel) I just can't take a trick with this stock of late. VERY DIFFICULT TO READ!

 

[Halba]

Difficult to read short term.

Perhaps you will be right in 6-9months+


Smelter spin off too in August-September 2007.

 

[UraniumLover]

I don't know. I believe ZFX will trade sideways for a couple of weeks. It will certainly be down again on Monday due to a 3% drop in the Zinc price. It will probably wake up agin in the last 7-10 days pre the ex-dividend date (April 5)? But where to...??? I can see a low of mid $15's again soon, but where will it be just before ex dividend? Interesting....

well i hammered my dividend capture on this slightly. Ws going well until that explosion occured sending it downwards 2 % the next day. I believe this is a minor downward swing to probably 15.50 if all ords decline and 16.00 if all ords stays good or even upward move if all ords continues uptrend. over next week or so.
LME zinc stocks haven fallen 10000 tonnes last month indicating the Chinese have used up alot of there zinc stock pile inventories from manufacturing. THey are back in the market now to buy big while zinc prices are only 1.50 , from 2.00. THis will only cause zinc price to go up from 1.50 - 2.00 or higher and zfx price should go up wih this. I may have to extend the time of the trade to counter act any short comings in profit or probably sell half and buy back in closer to dividend date

 

[Halba]

why not just hold and let it take care of itself?

 

[UraniumLover]

why not just hold and let it take care of itself?

Haliba, never said there wasn't anything wrong with that either.
i believe fundamentals will take it through to at least $18 initially considering some fund managers have a target price of 19.50 on it.

 

[CanOz]

Haliba, never said there wasn't anything wrong with that either.
i believe fundamentals will take it through to at least $18 initially considering some fund managers have a target price of 19.50 on it.

Saturday AFR actually had the price target at 9.50! : I think they made a typo!

Cheers,

 

[eMark]

Saturday AFR actually had the price target at 9.50! : I think they made a typo!

Cheers,

9.50?? ok, now I'm officialy stuffed