Out Too Soon
My real name is King Julian ;)
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It's Oxiana & Bolnisi that flew today. 
Yahoooo!
Yahoooo! 
ZFX - Zinifex Limited
- Thread starter chicken
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Considering LME stocks are increasing again it's been solid - PE of 5.64, don't know any share lower. Does anyone?Halba said:
Interesting to see how it goes after dividend. Last time it continued going up.
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Halba said:
I disagree with your point because based on what you are saying P/E are invalid for any price takers? Well no, there are valid and it is a good reference when compared againts pair companies producing the same goods and services.
WBII
Warren Buffet another thing is that ZFX has always been trading at that p/e.
This is well known why: Mine life, single commodity risk, and leverage to zinc price (downs).
You can't possibly compare with BHP and RIO = their mines lifes last 100 yrs.
This is well known why: Mine life, single commodity risk, and leverage to zinc price (downs).
You can't possibly compare with BHP and RIO = their mines lifes last 100 yrs.
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Halba said:
Agree Halba, that is why I refer to "pair" companies, BHP and RIO are in a completely different league, but companies that have the similar assets and produce zinc as well are trading at much higher P/Es.
WBII
He's talking about pure zinc plays. Theres not too many of them and most of them are foreign listed. Can't really directly compare ZFX to the rest. I think other assets have more mine life. Teck's Red Dog's mine life is bigger than ZFX's century so you can't compare Teck's p/e to ZFX's p/e.
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You can't get much closer to price action than a P&F chart.
For ZFX -- box size .50c and 3 box reversal.
LONG : If move into 18.50 box (triple top @ 18.00 box) would be a high probability trade
SHORT: If move into 15.00 box (double bottom @ 15.50 box) would be a low/medium probability trade
For ZFX -- box size .50c and 3 box reversal.
LONG : If move into 18.50 box (triple top @ 18.00 box) would be a high probability trade
SHORT: If move into 15.00 box (double bottom @ 15.50 box) would be a low/medium probability trade
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Out Too Soon
My real name is King Julian ;)
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Zinifex gos ex div today & what a tasty div it is. Tempted to just sit on my ZFX shares for another 6mths, (or 12, 18 ). I certainly won't be selling @ the current sp.
). I certainly won't be selling @ the current sp.Halba, tend to agree, upside probably capped at around 18 bucks for now...
However, once details of the smelter diversification are clarified, things could get interesting then...
i don' think i'll be holding for long, mainly got it for the dividend...
However, once details of the smelter diversification are clarified, things could get interesting then...
i don' think i'll be holding for long, mainly got it for the dividend...
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I believe that Zinc supply is tight - but I don't doubt its consolidating at the moment.
I'm going to hold it as a long term assett but i'll only start buying a fair few support levels below ($13.50 etc), because i'm not sure if Zinc has further to go in its correction and the state of the Dow is quirking me.
I'm going to hold it as a long term assett but i'll only start buying a fair few support levels below ($13.50 etc), because i'm not sure if Zinc has further to go in its correction and the state of the Dow is quirking me.
michael_selway
Coal & Phosphate, thats it!
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Post-smelter spin-off seems prime time for takeover. Capital return ratio improves and great cash-cow, short of complete zinc price rout.
Stick my neck out (not that I have any reputation to risk in the first place) with a prediction that Teck will takeover within 3 months of smelter business spin-off (and sale of zfx share of the spun-off entity).
There has been plenty of take-over talk concerning zfx at various times, but to me that is the very best time and if it ain't then - when?
Gailey is due to go in the next couple of years, so he may see shepherding through a takeover as a satisfactory conclusion to a very good period.
The alternative is maybe blowing all the cash and maybe incurring big debt to take over others, but what is achieved by skewing the company operations solely to fend off a take-over?
Independent existence under those circumstances is not necessarily better than exisiting within the fold of a giant multi-mineral company.
Zfx has continued to reward holders with serious cash and a take-over would produce a fantastic sp finale in that regard and what would be wrong with that - it's not a family concern or a favourite football team - its a company.
Stick my neck out (not that I have any reputation to risk in the first place) with a prediction that Teck will takeover within 3 months of smelter business spin-off (and sale of zfx share of the spun-off entity).
There has been plenty of take-over talk concerning zfx at various times, but to me that is the very best time and if it ain't then - when?
Gailey is due to go in the next couple of years, so he may see shepherding through a takeover as a satisfactory conclusion to a very good period.
The alternative is maybe blowing all the cash and maybe incurring big debt to take over others, but what is achieved by skewing the company operations solely to fend off a take-over?
Independent existence under those circumstances is not necessarily better than exisiting within the fold of a giant multi-mineral company.
Zfx has continued to reward holders with serious cash and a take-over would produce a fantastic sp finale in that regard and what would be wrong with that - it's not a family concern or a favourite football team - its a company.
