ZFX - Zinifex Limited

[CanOz]

9.50?? ok, now I'm officialy stuffed

My apologies, its actually Friday's AFR, page 33 under "MIR shows confidence in zinc plays"

"He rates Zinifex a "buy" and has a $9.18 share price target"

Cheers,

 

[UraniumLover]

My apologies, its actually Friday's AFR, page 33 under "MIR shows confidence in zinc plays"

"He rates Zinifex a "buy" and has a $9.18 share price target"

Cheers,

19.50 target sell price

 

[Halba]

Oh dear 9.18. Thats woeful. Its EPS for this yr is around $3.80-$4, so how can it be 9.18?

 

[ric371]

Looking at The inside trader smart money charts, it has a falling buyer seller volume and a falling buyer seller ratio, looks to me that it will test the low 15s in the short term. but under 10 is a real long shot. unless there is another disaster we dont know about yet.

 

[CanOz]

Looking at The inside trader smart money charts, it has a falling buyer seller volume and a falling buyer seller ratio, looks to me that it will test the low 15s in the short term. but under 10 is a real long shot. unless there is another disaster we dont know about yet.

That was a typo folks, trust me!

Cheers,

 

[misterS]

I suppose MIR has the confidence to put its money where its mouth is by buying $226m ZXF, but it may simply be the confidence that they will reap $17.5m return (franked) (excuse me if my maths failed me there, but whatever it is, it is something huge) and calculate (risk) they will not suffer an equivalent or greater sp fall at the point when they quit their position.

At current sp there is a reasonable expectation that it may be higher for at least some periods in the months following the divvie, esp with smelter spin-off and maybe other exploration / take-over developments. I know the zinc price is a risk, but the money is pouring in right now and will keep doing so at lower prices, short of a serious zinc crash (not just the failure to sustain a price near the deficit-driven record high of 2006).

Relative to production cost, the zinc price would continue to deliver a lot of gravy while ZFX positions itself for longer-term viability, which it seems to be doing pretty well so far, at least steps in the right direction.

Kinda makes me wish I had a lazy $226m myself....

 

[UraniumLover]

I suppose MIR has the confidence to put its money where its mouth is by buying $226m ZXF, but it may simply be the confidence that they will reap $17.5m return (franked) (excuse me if my maths failed me there, but whatever it is, it is something huge) and calculate (risk) they will not suffer an equivalent or greater sp fall at the point when they quit their position.

At current sp there is a reasonable expectation that it may be higher for at least some periods in the months following the divvie, esp with smelter spin-off and maybe other exploration / take-over developments. I know the zinc price is a risk, but the money is pouring in right now and will keep doing so at lower prices, short of a serious zinc crash (not just the failure to sustain a price near the deficit-driven record high of 2006).

Relative to production cost, the zinc price would continue to deliver a lot of gravy while ZFX positions itself for longer-term viability, which it seems to be doing pretty well so far, at least steps in the right direction.

Kinda makes me wish I had a lazy $226m myself....

well i wouldn't put 226 m on it but this would be based on long term zinc fundamentals. we all know there isn't enough of it with a defecit in supply for 2007 at least. signs of this are starting to show LME.
ZFX went up today while other zinc miners kzl, pem going down with the slight fall zinc price. i have faith in this share so will hold and claim my bonus dividend . Don't know any other share that's pay's such a good dividend .if anybody knows let me know

 

[chops_a_must]

Don't know any other share that's pay's such a good dividend .if anybody knows let me know

MRE.

 

[Julia]

MRE.

And if you take 30 seconds to read through the share tables in your daily paper, Uranium lover, you will see dozens of companies paying similar and higher dividends.

Julia

 

[toothfairy]

Hi,

so quiet here lately, can we have some discussion whether this is the time to buy, sell or do nothing with this stock. It is into the $15s now.

Cheers.

 

[CanOz]

Hi,

so quiet here lately, can we have some discussion whether this is the time to buy, sell or do nothing with this stock. It is into the $15s now.

Cheers.

I bailed out this morning after tightening the stop.

Cheers,

 

[barney]

Hi,

so quiet here lately, can we have some discussion whether this is the time to buy, sell or do nothing with this stock. It is into the $15s now.

Cheers.

Hi Tooth, There has been a bit of interest on the "Improving Chart analysis" thread re ZFX .......... might be worth a look..... Cheers.

 

[Freeballinginawetsuit]

And if you take 30 seconds to read through the share tables in your daily paper, Uranium lover, you will see dozens of companies paying similar and higher dividends.

Julia

Dozens of Companies?, I'm certainly interested in which ones those are Julia!.

In the case of both MRE & ZFX their MC's appreciated near on 300% in 06 and the dividend returns from a punters entry at the start of 06, represent a 30% odd return on the initial entry.

 

[eMark]

London Metal Exchange Warehouse Stocks
( March 14 )
Metal Tonnes in Storage Change from
previous day
Aluminum 797925 -350
Copper 197750 -1975
Nickel 3816 -60
Lead 31250 +350
Zinc 95750 +1625

Zinc inventory rising for 3rd day straight, just at the right time for ZFX

 

[toothfairy]

Hi Tooth, There has been a bit of interest on the "Improving Chart analysis" thread re ZFX .......... might be worth a look..... Cheers.

Thanks Barney,
I had a good look at the other site and I think I will wait and watch ZFX atm instead of jumping back in. Your descending triangle looks very convincing.
I sold 80% of ZFX and am looking @ oppotunities to buy back, I think I will take a punt to buy back some if it drop to the $15 support line.
Say if it downwardly break through $15, how much lower will it go? Would it be in a bear trend then?
Cheers.

 

[Warren Buffet II]

Thanks Barney,
I had a good look at the other site and I think I will wait and watch ZFX atm instead of jumping back in. Your descending triangle looks very convincing.
I sold 80% of ZFX and am looking @ oppotunities to buy back, I think I will take a punt to buy back some if it drop to the $15 support line.
Say if it downwardly break through $15, how much lower will it go? Would it be in a bear trend then?
Cheers.

Well, I do not think that graphs represent the right situation for ZFX ATM. There is the fact that ZFX is running as CD and after the 30/03 will drop around 90c. So if you want to buy below $15 you will have to wait until after 30/03, I do not think it will drop that far before (if it does I will buy much more just for the didvs).

WBII

 

[Out Too Soon]

Well I'm sick of missing out, I've got an order (expires 29/3) in high 15s for the next time it dips. (To add to what I already hold) Will I have to wait 'til next Wednesday? or will it never go there again?
Good luck all enjoy the rollercoaster!

 

[eMark]

Well I'm sick of missing out, I've got an order (expires 29/3) in high 15s for the next time it dips. (To add to what I already hold) Will I have to wait 'til next Wednesday? or will it never go there again?
Good luck all enjoy the rollercoaster!

In this climate, nothing is certain with this stock, expect the unexpected. But surely....it will start some sustained climb soon when getting closer to the ex dividend date.

 

[UraniumLover]

In this climate, nothing is certain with this stock, expect the unexpected. But surely....it will start some sustained climb soon when getting closer to the ex dividend date.

Looking at market depth volumes a lot more buyers than sellers at current price levels so should go up despite fluctuations to zinc prices due to dividend factor.

 

[toothfairy]

Doesn't look too good atm with ^ in stockpile of some 6700 tones. POZ is on edge tonight methinks.