- Joined
- 1 February 2006
- Posts
- 568
- Reactions
- 7
So Berger King, did you get in on ZFX as you were thinking? you'd be pretty happy with your decision about now i'd expect.
what i meant to include was that i already have bhp, wdc and amp (the last two since i was alot younger and bhp as of last week)
zfx will act as my speculative/riskier share...
have they found anymore sustainable mines???
as i understand the smelting operation with another miner would create increased revenue???
and why is the dividend much higher than most considering the price of the share at this present time???
cheers
Personally, I think ZFX having sold it's smelting business has reduced the value of the company. There appears that a surplus of Zn will reduce prices. The surplus also increases the cost of smelting ... not sure why, but Kitco reports that smelting costs are to increase.
Zinifex needs a good discovery with Drake to grab some more attention. The high dividend yield keeps people around, but I understand that the yield is likely to be hard to maintain.
I wonder if ZFX sharholders will get in on the Nyrstar IPO ???
I don't see many individual investors going out of their way to create a European trading account to buy Nyrstar to be honest.
So, Nyrstar won't be listed on the ASX???? That would be a real shame ....
Selling the smelting business reduced the value yeah, but Zinifex can't be in a more perfect position at the moment.
...but will this position benefit ZFX shareholders? I am not sure how the Nyrstar smelting revenue affects the Zinifex income.
It's making a very attractive takeover target by a global carnivore like BHP, Teck Cominco, Xstrate, AA, CVRD or even Oxiana
well, we have lived through takeover rumours before, apart from the recent mine life expansion, I think Zinifex really need to find another Century like resourse - maybe with Drake ??, before it starts looking attractive again. Maybe seperating the smelting business is their insurance for longevity.
- and even if nothing happens for a while Zinifex can skyrocket if it discovers a big mine.
I don't see many individual investors going out of their way to create a European trading account to buy Nyrstar to be honest.
Selling the smelting business reduced the value yeah, but Zinifex can't be in a more perfect position at the moment.
It's making a very attractive takeover target by a global carnivore like BHP, Teck Cominco, Xstrate, AA, CVRD or even Oxiana - and even if nothing happens for a while Zinifex can skyrocket if it discovers a big mine.
How is it "still not bad"?
If you're going by those Commsec forecasts - the profit/dividend expectations are going downstairs... not up.
What I don't get it how all analysts are predicting an over-supply of Zinc yet the stocks at the LME have almost halved in several months, it makes no sense really.
Anyway after thinking a bit more about Zinifex being in a perfect position - its mines don't have a long life span. There's only 4, they're all Zinc with some lead/silver production, and the life-span is very low, Century is the only decent mine but certainly nothing compared to the assets the big cap diversified companies own.
So what's the point of merging or taking over Zinifex if it won't add long-term value?
So unless Zinifex makes a big discovery in the next 2-3 years (if it doesn't get taken over by then) I wouldn't be touching this thing with a 50 foot pole!
Huge risk stock at the moment so this'll be an interesting story!
Zinifex's CEO or an other boss said in the last week they want to acquire a copper miner, so, if this will go, ZFX won't be a one-metal-miner (yes, there is lead also now, I know).
And there is the Nunavut project f.e.
Where does it say Zinifex wants to acquire a copper miner? Please link me as I can't track it in the latest press releases.
Anyway for those interested, Zinifex has a really nice website outlining their projects - http://www.zinifex.com/what_we_do/expdevMap.aspx. A lot of them are still in feasibility/study phases but geez they have a lot of potential to find some treasure somewhere.
Hey, aussies,
Well, I would like some information...I can't have so much in Hungary.
I have read some investors dissapointed bacause the Nyrstar IPO, so, that's why ZFX's price fall from the end of the lest week (plus bad news from US).
So, have you got some info's about other reasons?
Thanx
Sorry, my English is not correct, I know, I try...
Hey, aussies, Well, I would like some information...I can't have so much in Hungary. I have read some investors dissapointed bacause the Nyrstar IPO, so, that's why ZFX's price fall from the end of the lest week (plus bad news from US). So, have you got some info's about other reasons? Thanx Sorry, my English is not correct, I know, I try...
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?