ZFX - Zinifex Limited

[michael_selway]

Stocks like zfx and pem must be good buying at these levels and with lead continuing in high demand and bringing historically high figures.

Hi ZFX is still not bad

ZFX - Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 274.1 222.7 164.1 111.9
DPS 140.0 127.5 86.0 55.0

PEM - Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 43.1 61.0 68.3 42.8
DPS 11.0 14.8 15.8 12.6

KZL - Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 40.7 61.5 58.8 64.3
DPS 0.0 15.5 17.2 21.1

thx

MS

 

[uhu]

Hi drmb,

Ok, I know the story although I haven't seen the movie or read the book.

But thanks, I haven't known the story in so deep.

Well, I don't know too much about Nunavut project. Is it working or there are just plans? And, if metal prices are continuing falling, is it worth the price? (Think about the extreme costs bacause of the -30 Celsius or lower in Canada).

 

[shinobi346]

292? What does it list? Every single shareholder?

I don't think ZFX mining more zinc will necessarily bring the price down. Its theirs so they can dictate the price it sells for. If they decide not to sell as much thats their prorogative. Take for example Debeers, they hold a vast supply of diamonds but that doesnt make the price of it low. BHP, RIO and that canadian mob sell the most iron ore yet they can set the prices which keep going up and up.

 

[vishalt]

7 BHP, RIO and that canadian mob sell the most iron ore yet

You mean that Brazilian mob CVRD?

Speculators as usual are just beating around the bush and manipulating Zinc, and in turn, Zinifex how they want it. Zinifex really has no choice but to diversify to survive.

 

[shinobi346]

Thats it. I was thinking Canada from the C at the beginning.

You're right. I think they are exciting times ahead for ZFX. They can't live off their zinc forever. Century only has 10-15 yrs life max and with the other tenaments not as much.

They have the money in the bank to diversify so it makes sense for them to do so. This one and MGX are 2 that I'm watching closely to buy something soon.

 

[uhu]

Thats it. I was thinking Canada from the C at the beginning.

They have the money in the bank to diversify so it makes sense for them to do so. This one and MGX are 2 that I'm watching closely to buy something soon.

Yes. They claim they want to be copper and gold producer. But there is no other possibilities?
Rare earth metals: Lynas Corp.

Iron?
Aluminium?
Or these too "extreme" for ZFX?

 

[Nyden]

Yes. They claim they want to be copper and gold producer. But there is no other possibilities?
Rare earth metals: Lynas Corp.

Iron?
Aluminium?
Or these too "extreme" for ZFX?

They want Copper, & Nickel.

Zinc went up over 3% today...hope this interest rate stuff doesn't prevent a nice gain today

As well as a rally in the US, today's perfect for Zinifex ; just this darn interest rate hike in Australia may slow the markets down today, which is just nonsense - as lets face it, what happens in Australia these days is irrelevant to our markets! :

 

[Nyden]

Well, how disappointing - we went from an SP rise of 3%...to a drop of 1%
Probably still a lot of people trying to get out ex-div.

I'm relatively new on the zinifex scene, but - I'm surprised at the fact that the SP hasn't really grown this past year; it's fluctuated a whole bunch...but, no actual growth. It's essentially stayed at within the same price range. I guess that's to be expected though, what with the massive decline in Zinc this year.

Maybe if they stopped issuing such large dividends, they'd have more to invest for acquisitions. The large dividends obviously do nothing to 'keep' people on board...so what's the point of it, really?

I guess the same could have been said about OXR last year, for the good part of that year (all depends on your buy-in price though it bounced about a lot - but no real growth. Once they diversified themselves more - things are obviously fantastic for them now.

They need to buy something; either producing, or reasonably close to that. It's no good paying a premium on some explorer; boom could be over by that time.

Hopefully it'll rise during the market close, doesn't look good for a stock when it drops on both good, & bad days - reminds me of PDN :

Let us hope the US markets & demand for zinc treats us nicely tonight


Surely, something must be cooking? 11% of the company has just been purchased in a matter of days, I hope something's cooking at least!

 

[Nyden]

Well, how disappointing - we went from an SP rise of 3%...to a drop of 1%
Probably still a lot of people trying to get out ex-div.

I'm relatively new on the zinifex scene, but - I'm surprised at the fact that the SP hasn't really grown this past year; it's fluctuated a whole bunch...but, no actual growth. It's essentially stayed at within the same price range. I guess that's to be expected though, what with the massive decline in Zinc this year.

Maybe if they stopped issuing such large dividends, they'd have more to invest for acquisitions. The large dividends obviously do nothing to 'keep' people on board...so what's the point of it, really?

I guess the same could have been said about OXR last year, for the good part of that year (all depends on your buy-in price though it bounced about a lot - but no real growth. Once they diversified themselves more - things are obviously fantastic for them now.

They need to buy something; either producing, or reasonably close to that. It's no good paying a premium on some explorer; boom could be over by that time.

Hopefully it'll rise during the market close, doesn't look good for a stock when it drops on both good, & bad days - reminds me of PDN

Let us hope the US markets & demand for zinc treats us nicely tonight


Surely, something must be cooking? 11% of the company has just been purchased in a matter of days, I hope something's cooking at least!

I'm too tired, should have slept! That's just total voting power, bully to me
Oh well, I had a big win on the cup yesterday! Cut me some slack, I would edit - but, it isn't letting me :

 

[uhu]

Have you noticed if Dow rise sharply ZFX is staying at the same level (plus or minus 1%), but if Dow (and american zinc-copper miners etc Teck) fall as today Zfx can drop 4-5%?

...

But, probably they are speculating to more drop of aussie mining sector so every other companies will be cheaper in Febr than now? And the more than one billion aud is in the bank...so, it is getting more and more

 

[edvisor]

both ubs and creditsuisse have upped their stakes last 2 days, so buying now would mean you are ahead of both.

little point rationalising without much evidence, but my theory on the continual price decline is AXA trying to reduce their holdings to a less riskier level, given ZFX's intention to go on a spending spree shortly.

 

[ozrob]

both ubs and creditsuisse have upped their stakes last 2 days, so buying now would mean you are ahead of both.

Got to agree with you, I just bought some this morning at $14.60 which is something like a 20% discount on their pre ex-dividend price.

 

[adobee]

I am really tempted to buy at this price.. I want to wait and see what happens over night and tomorrow..

To buy or not to buy...

 

[prawn_86]

I too think that there could be a short term opportunity here for a quick few %.

Will definetly wait for a big up day on the DOW though.

 

[Sean K]

I have NO IDEA about what this stock is capable of, but looking at the chart I have some reservations....

Surely, anything in commods should be flying through ath's atm....

 

[prawn_86]

On the FA side of things, i think long term investors are worried, as their mine life is fairly short.

They are cashed up, but the public is yet to see what direction they take. Ie - acquistion or exploration.

I have NO IDEA about TA but surely one could expect a small bounce on a big DOW recovery

 

[Sean K]

I have NO IDEA about TA but surely one could expect a small bounce on a big DOW recovery

I certainly have my fingers crossed prawn, I'm mostly long. However, the sub prime fall out is getting worse than I expected right now. Looks to be spreading a tad. Still some time before the skeletons are fully exposed so I'm staying cautious with some spare change..

 

[ta2693]

I certainly have my fingers crossed prawn, I'm mostly long. However, the sub prime fall out is getting worse than I expected right now. Looks to be spreading a tad. Still some time before the skeletons are fully exposed so I'm staying cautious with some spare change..

I do not agree with Kennas. I feel subprime's story is near end.
My reason
1st Everybody on street know "sub prime" which was an alien word for most of us 3 months ago. The impact of "subprime" word would be much smaller in the future. ppl are tired of "subprime"

2nd 1 month is long enough for market to assess the impact of "sub prime" b
2 months is enough for smart investor to walk out this position. The seller now is just too slow and I will not sell with them.

 

[Stan 101]

Yes it was a red day for every share I keep an eye on...

since offloading most of my holdings last week I'm stilling on the sidelines waiting to buy back in...If ZFX drops below $14 I might jump in... I'm also keeping a close eye on CBH...

I guess it's a game of wait and see.

 

[Nyden]

Yes it was a red day for every share I keep an eye on...

since offloading most of my holdings last week I'm stilling on the sidelines waiting to buy back in...If ZFX drops below $14 I might jump in... I'm also keeping a close eye on CBH...

I guess it's a game of wait and see.

I should certainly hope it doesn't drop that low, my average entry was 16.5!
Oh well, hopefully this'll make for a buy opportunity.

I sure wish sub-prime would just go away I'm feeling the pain here!

They should just announce all the write-downs, & what-nots in one big black day, then we can recover : Instead, it's more like an agonizing slow death. Just when things recover, some company announces that they lost 10b. It's really getting old.

It is teetering awfully close to the 52 day low..it's one of the reasons this stock stresses me out! Far too much zig-zagging.