ZFX - Zinifex

[chicken]

This stock will be of intrest ...lead,silver zinc,copper,gold...and 5 smelters one in QLD ,Sydney,Tasmania ,USA,Holland...and all running positive..check it out as share price only $2.36...PE6....

[chicken]

ZFX..UP 3c..going through resistance of $2.39...if she holds above stock will rise further..PE6....should be PE15..so lots of upside...this company has NO DEBTS...bought at bargain basement price of $860 million...cost to build and set up $4billion...anyone who held PasMINCO SHARES will get their money back with this stock...tightly held by INSTITUTIONS and BANKS..could also become a takeover target because of being so undervalued...this will be a winner for 2005...talk to your broker..make your research :p:

[smuggler]

Why no debts? They owe the banks millions . They are run by the banks. If commodities fall this one is sunk. Their operations are dirty:hammer:

[chicken]

not what the directors are saying so come up with your information read their last results...they are not dirty..post your evidence... :hammer:

[chicken]

Also...what business runs without a BANK..if they put their money in in substancially amount why should they have no right in overseeing the workings of this group after all PASMINCO..was a disaster because the BANKS had no say..if they have a say they have accountants who know what to do..so where is your argument..I ra ther see the BANKS involved then some private person who does only work for their own pocket..as far as dirty..get of the grass that is only your opinion..Business gets a bit tough..look what happened to lok...now TELSTRA made a good buy and values its stak at $10 billion..I feel you LOST money in PASMINCO and you now are brassed off..LOLOLOLOLOL :hammer:

[chicken]

Also...you said if comodity prices fall we are gone.,..so will Australia...its run on Commodities..and all the other companies..next you will tell me oilprices will go down get of the grass...China needs us..especially their zinc for Stainless steel manufacturing...so business is business...they have a good team at the helm and are making money read the share magaczne..october issue...you might even learn something for a change...

[chicken]

sorry, zinc is not used for Stainless manufacturing my mistake but all the same its nearly up 5c..so who is buying the market tells me its a good stock... :p: :jump:

[Fleeta]

Why do I get the feeling that Chicken and Smuggler are the same person?

Come to think of it, how do I know that heaps of people here aren't the same person and just like arguing with themselves?

Hmmm.

Anyway - Zinifex is a dud, I wouldn't touch it with your money, try Sons of Gwalia instead!

[Bingo]

Why do I get the feeling that Chicken and Smuggler are the same person?

Come to think of it, how do I know that heaps of people here aren't the same person and just like arguing with themselves?

Hmmm.

Anyway - Zinifex is a dud, I wouldn't touch it with your money, try Sons of Gwalia instead!

I don't agree with you Fleeta because ZFX is a BIG dud . Oh maybe I am you!

[chicken]

you must have lost a lot of money with PASMINCO..if they are a dud well then I am father CHRISTMAS...LOLOLOLO Get your facts right first..read comments on ozestock maybe you will learn something..they are making real money with real people in the real world I suppose you even would say WMC is a dud..do your research before you post this sort of nonsense :rolleyes:

[chicken]

Zinifex is one of the worlds largest integrated zinc and lead producer. With smelters in Australa,USA and Holland.Zinifex is able to remain competitve in global markets.The companys Century zinc Mine is one of the largest and cmmercially viable in the world and has a life of about 12 years. Although the business, the assets,the fundamentals and its outstanding fiscal 2004 results suggests that Zinifex is an attractive investment,it continues to trade at an discount priceeven outstripping its prospectus forecasts by nearly 300% failed to stir the market.Perhaps a PASMINCO hangover has left investors in a cautious frame of mind,but ZINIFEX is a different investment to the old PASMINCO and it should be considered on its own merit. Based on BELL POTTERS 2005 forecast, Zinifex PE is 6, relative to a share price of then $2.20.....now $2.41...Zinifex is leveraged to ZINC and LEAD prices along with currency movements, but its core commodities have held up well and the Australian $ is moving in the right direction.Although much is said about softening in base metal prices Zinifexs managment recently pointed out that when the currency and commodity dynamics are drawn together the outlook appears strong....the Australian $ ZINC price has been as high as US$1800 per tonne compared to the current price of about US$1200 per tonne :rolleyes:

[chicken]

GREAT volume..with a good rise...something is up this stock will rise further...hardly any shortsells...only 300k...will go to $4..youll see..do your research predicted that stock will rise 10c....today......to $2.51...Hi Ho UP WE GO......LOLOLOLOLOL :eek:

[chicken]

Just was reading the news on Reuters...there will be a shortage of ZINC in 2005 to the tune of 150k tonnes so price will not come down and the year after it might be as high as 250k tonnes makes intresting reading does it not...China is just flying along and needs ZINC..even bigger than USA..thats what it says :aus:

[tech/a]

Not getting much interest here Chicken!!

Gets my vote.$4.00 is a bit ambitious but hey!!Anything is possible.

Fleeta why is it a dud?

[chicken]

Tech..thanks for the chart its looking fantastic...should make another high today..5c..to 10c rise...PE6 is still very low...should be about PE12 to PE15..so good upside here..very few shorts only 300k..they might lose on that deal....the directors were saying on record that the share price is low to the assets they have...HI HO UP zinifex will go :D

[chicken]

something up heavy volume and now asking $2.60...even I did not see that today...its going off the charts :bazooka:

[tech/a]

Very nice day trade chart.
Looks as though the move may continue,if the close is in the top quartile of the days trading.Pullback late is normal.See howmany think tommorows open will be bullish by the close.

This is a 5 min chart great breakout opportunities all day.
Been a couple of nice ones this week AZR!

Interested in how everyone intends to exit?

[chicken]

Tech/a...what is the situation re some one taking a short position in this stock...see asx shortsell there is the list of short sells..and I noticed the no rising if this stock rises further has the person who took the short position to pay any money or does the person have to buy on market to deliver the shares sold by the person who shorted the stock...your comments would be apreciated... :p:

[Fleeta]

Read a Huntleys report that said...

'As an unhedged, integrated lead-zinc producer, ZFX's volatile fortunes are tied to the A$ zinc and lead prices.'

'We are wary of the inherent risks involved with the business model and the potential for legacy liabilities.'

'The prospective FY05 PE of less than 10 is not a sufficiently attractive discount for this capital hungry company'

Personally I think that lead and zinc have had their run.

But hey, it's going well now isn't it...

[tech/a]

Chicken.

There is a list of Stocks as you know that can be generally shorted on the ASX site.

However those that arnet can still be shorted buy using Tricom (Possibly) or CFD's.

What your doing is selling a stock you DONT OWN in the hope of buying it again at a lower price and returning it to its owner.
You keep the profit.
The broker would generally hold a margin for the trade as a security.
If it pays dividends then you must pay them if they are issued during the short.
If it is delisted you are liable for the cost of the stock at the time of delisting so if its a $ and you are borrowing 10000 shares you owe 10K.

tech

[chicken]

The market is taking a breather shorts are busy covering their sells...may finish at the same price as yesterday..but heh cannot go up everyday...impossible..still in an uptrend channel....lead,copper,silver,gold up in price..Zinc down to US$1220..see www.zinifex.com.au. someone is trying to cover their shorts of 3 million shares...this stock seems to follow the allORDS...any comments..do your research..this is my opinion :nuts:

[chicken]

Deutsche Bank values the shares at $3 ,,plus,, I still feel $4 is achievable..the shorts got their fill yesterday and have virtually disapeared ,see shortsells on the asx...we were down 2 c but now we may have another rise today...I am glad that at least a reputable Brokinghouse can see value ...and it said shares are cheap at present price...metal prices are up check www.zinifex.com.au... :p: :2twocents

[tech/a]

Chart update

[chicken]

Good lift today ready to breakout towards $3....Deutsche Bank values this stock at $3..whats your opinion Tech/a has been as high as $2.62...watch this one will suprise in earnings ZINC price is up :p:

[tech/a]

Chicken.

I like it.
Price action is very normal.Nice pullback and now new buyers seeing value.
Today is its highest close.Nice increase in volume.

2nd Channel Target $2.86.

[chicken]

Tech/a..what do you think?...might go fo another run tomorrow ZIN<COPPER<LEAD, all up in price...when the anouncements come this one will fly as the market is starting to take note....And Deutsche Bank would have done their numbers ..also check ASX shortsells have all but disapeared..so no one is prepared to stick their neck out...post chart because I have no facility jet..but will be in Aussie in February till November and will them have the gear..good luck to everyone....$3 here we come... :2twocents

[tech/a]

C I have no idea where it may go to.
I havent looked at an exit method yet.
Havent even decided wether to hold log or shorter term.

[Tric]

today -
comsec: "...small cap Zinc miners also received a boost from metals prices out of LME last night. 3mth zinc reached 7-year high, helping Zinifex close up 3.09% higher to 2.67 cents per share."

seems a solid performer, only floated last may but has performed steadily for holders.
Thanks chicken for starting the thread.

[markrmau]

only floated last may
hehehe. You know the history of zfx though don't you? (not that this matters)

[chicken]

What a day up and down just checked how many shorts are left...bugger all only 76k....which is silch...so I feel as Deutsche Bank says at least $3...so TECH/a thanks for your graph it looks A1..and their results will speak this time thought they would anounce their quater ..I just dont know...I started the posting when it was $2.36...and it certainly is going up...Yes I know re history...see my discription and history about Zinifex...this company unlike PAS...has very little debt...where by PAS..just had to bloody much and this is the shell from it....they are making $$$$$ whereby PAS lost money...Yahoo has a research on earnings expectation...so..just read the article I posted and it is self explaining...everyone have a niece day..trader and all :2twocents

[tech/a]

Pretty volitile day huge gap open indicating many new buyers jumping over themselves to buy in.
Price managed to close at a new high close level.
If gap holds then this will indicate strength.
Not uncommon for price to trade into the gap.
Still looks solid.
I would expect price to trade within the range of Today for a while.

[chicken]

Tech/a...intresting article posted by lookingconfident on ozestock..re Zinifex..UBS values the share at $3.10 at least as the article is to long to post read it there...yes there are a lot more people taking a look at this stock aT present plenty of strength..the Banks are not happy as they bought little but the YANKS are in it and buying more..just goes to show where this stock will be heading..????? NORTH :iagree:

[chicken]

Also, Chinese Smelter cut production by 100k untill april...Triggers increase in ZINC price...it also MAQUARIE says that there will be a world shortage of 400k tonnes of zinc...they just cant help but make $$$$ at present..so all their other metals they produce will be a bonus......this is the highest price for zinc ..intresting dont you think.....???? :2twocents

[chicken]

Friday will be a no event day around the same price as today...but watch it go higher on monday, and tuesday...seems to be the pattern by traders..closed today after hours at $2.645... :2twocents

[chicken]

last sale at 16.38 hour shows in Tradingroom at $2.69...brokers are playing and are buying see after hour trade...lots of strength in this stock some one put their neck out and shortsold 1.1 million shares today...not a good idea I thought...I think it was for 48515 shares the last sale the brokersa are buying for their companies so anything will go tomorrow :2twocents

[tech/a]

Chicken the after hrs sales are simply cross trades nothig to get excited about---normal business.

[chicken]

A broker has been working this stock short today..eg..see the 3 sales which went through at $2.56....they were 40k shares...buyers were there for $2.59...this stock will have the same trading pattern than last week..TECH/a do you get my drift..so we may even see $2,85..in the first 2 days next week...someone is really working this stock..up and down... so we shall see if my asumption will be right....TECH/a..your opinion please??? :2twocents

[tech/a]

Shorts have little relevance.
Its just an opinion contrary to our own.
It can be wrong or right.
They will have a trading plan just like we do (or should).
Shorting yesterday seems a bit late with more
risk now after 3 down days.

Tech

[chicken]

Zinc,Copper,Lead,Silver,Gold...all metals are up in price check www.Zinifex.com....UBS..has now put a value of $3.15..on these share plenty of upside and it will get there within the next 4 weeks to the anouncements..which will show a stellar performance....read there is a shortage of Zinc..now estimated worldwide of 400k tonnes...and all the other metals produced by ZFX are bonus...they are making $$$$ and because they are NOT hedged can take advantage of the higher prices now that CHINA requires all these metals this group produces..I just cannot see them go wrong ....we are very lucky to be in a share with this much potential...and monday will prove my point...read the article I posted on Zinifex...this one is a goer....$$$$ dollars to be made here...I am holding and my target is $4....I also mentioned Deutsche Bank and they value these shares at $3...so Banks and institution are buying big..see the last sale on friday of 600k shares at $1560000.. now those are the big boys and when they are buying in quantaties...I think 5.5 millin shares went through..it means its strong and intrest is there we may get more USA buyers coming in and then you will see the price go...our largest shareholder is USA based with 60millin shares or 12% so we will see next week but I feel this one is far from being fully priced...make your research...its ready to blow north thats what I feel...check.www.zinifex.com

[chicken]

Well, it looks like what I said is so....read the report www.zinifex.com.au anyone who bought will be laughing...annyway we are heading in the right direction...plenty of intrest this morning did not expect the results this morning...they are also exploring around MT ISA,....this coulds really getting intresting...what do you say TECH/a.......... :2twocents :aus:

[RichKid]

Chicken, I like ZFX based on its current up trend and due to the strong Zinc price, but it does get a bit silly when you continue to ramp it so unapologetically, ZFX appears to be perfect. Thanks to TechA we have some balance.
Technically, as long as it sticks to it's current trend I see it continuing, any break of it and time to reconsider- although I'm sure you'll never get out of it since it can only go up in your eyes. A bit of balance always improves the quality of a thread (and the forum).

[chicken]

Fair enough I am raving a bit but I feel its one of the stocks a lot of people had overlooked because what happened to PASMINCO...yes read what I posted I also said to check ZINIFEX webside and read the report..this one has a fair amount of meat in it its strong and going the right direction..yes I like what TECH/a posts..but I just want to tell everyone what a stock and what a potential we have got before the Yanks will get in bigger and the the price will really take off... i remember when I bought Newcrest at $1.75...look at it now...also check what they said about their exploration which is underway bloody beautiful...this price could go anywhere...look at newcrest now $17......I feel my $4 are conservative...for what or where it will climb from here.... :2twocents :aus:

[chicken]

I just thought of what you posted...and you know it sounds as if you went short in this stock...well,well,well,....if you did its your own funeral..because check what TECH/a posted...at present ,its a do not do it, because you will get burned....but you must know what you know LOLOLOLOLOLOLOLOLOLO and thats not ramping thats stating a fact :2twocents

[tech/a]

Powering along nicely.
Renewed interest.
This is a continuation of a nice trend.
No sign or reason to doubt that it wont continue.
Im in until price indicates time to get out.
Increased volitility indicates emotion.
But thats what markets move on--up and down.

[chicken]

Read what THE AGE...says about ZINIFEX...its all good news for us shareholders...HI HO UP ZINIFEX WILL GO....LOLOLOLOh..or check out www zinifex.com.au :2twocents

[chicken]

here is another intresting thought...I keyed in zinifex..just to find out how much the 20 largest shareholder are holding in stock....84.5% is owned by 20 institution and privat induviduals...that equates to 500million shares and only say 15% is on the market....that is 75million shares for everyone or the public...very tightly held this stock..so..in fact 425million shares are not available....so with Zinc,Lead,Copper,Silver,Gold all up in price...and their own smelters and now into exploration...this could become another WMC..ZFX has got the capacity to do it....any comments ,we all like to hear from anyone on this subject please... :2twocents

[chicken]

Well, what are your thoughts today with the dow up ????....another day I feel an upmovement towards $3.......check www.zinifex.com.au gold is down a little, but ZINC and lead is strong...we are now all aware that there is a shortage of ZINC as much as 400k for the year...so it looks like the price will be as it is or higher...and did anyone notice zinifex exploration their gold find or grams per tonne of earth...I think its around 129gms per tonne..I must check it again because it sounds phenominal...I am not a professor but read all there is about zinifex...Ubs values the shares at $3.10.....Deutsche BANK at $3...I say $4...and we will see where it will take us..it certainly will be higher than the present shareprice for sure....make your research...and let me not be one of the only poster on this board...TECH/a...what is your opinion....???? :2twocents

[tech/a]

On this current up move price is gapping up on each new open.
There is also an abundance of sellers as price then stays reasonably stable(yesterday) with a large increase in Volume.
This stocks performance is linked to ZINC prices if they remain in demand so will this and other Zinc stocks.
This is a nice up move so will stick around until price tells me otherwise.

[chicken]

Should see $3...next week U seller trying to keep it at these levels..my guess its one of the brokers... :2twocents

[tech/a]

Hmmm

$2.86 Channel Target price reached
Got no idea how that happens but it does(often) spot on.

Ill have a closer look tonight.

[chicken]

renewed buying...Maquarie just posted a article re Zinc...looks like the Chinese are net importers and needing more than 50k this year also price will be slightly higher or the same this year as there is a shortage of Zinc...read the article... :2twocents

[chicken]

what a day....up and down like a jojo....I see some of the sellers/buyers are trying to shorten this stock tomorrow..Tech/a we need your expertie.......

[chicken]

Today is a good day for buying this stock...it will take off on monday again..its been in this trading pattern for the last 4 weeks...Zinc,Silver,Lead all up in price overnight check www.zinifex.com.au. we will see $3..next week..as I said today is another bite at the cherry...monday we will go higher for sure :2twocents

[chicken]

I did not expect that the share price would closed on the high...I would have thought it would be down 5c....Tech/a..whats your opinion..???? mind you Zinc went up again , and so did lead....but I feel it still will nudge $3..the coming week...lots of intrest here...I also understand that their financials will be out on the 18th february...maybe a lot of buyers are position themself in this stock for that announcements..annyone who has any news on this stock please post even if it is your first comment we all like to hear from you good or bad as we all are here for the same reason... :2twocents

[tech/a]

ZFX

[brerwallabi]

Not the only cab on the zinc rank, CBH and PEM have been doing nicely too. Exited CBH awaiting fall back, Pem acquired low and mid 70's almost broke the $1.00 yesterday, zinc looks like having a good run, comment below from mining news.
"THE price of zinc could remain close to its current level of US58c a pound for the rest of the year, according to the chairman of the big Canadian zinc miner, Teck Cominco."

[chicken]

Right, they are not the only miner in zinc...the crux of the matter they have their own smeltering facility...so they are in a position where the costs are controlled by Zinifex...after all it costs to build smelters such as what they have got and any miners,,,,well they will have to talk to zinifex...and the production well it cost money...I believe that Pasminco shelled out many Billions to build these facilities...thats where this company has it sussed...they control their costs through their own production...whereby miners will have to ask niecly to get it to smelter...and with a shortage of 395k tonnes..they are in a box seat and can decide what the market pays for smeltering their ZINC....intresting isitnot...So..they zinifex get a double whamy..mining,and smeltering...ZINC, is up check www.zinifex.com.au :2twocents

[chicken]

Gold,Silver down in price...ZINC,UP to A$1683 a tonne...copper,LEAD all up in price check www.zinifex.com.au.... :2twocents

[chicken]

As Tech/a said if we keep above $2.86 the resistance is broken..and the share will go to $3...plus...anouncements in or on the 18th february...lot of intrest and I believe we may see a DIVIdent or sharebuyback...dont know which...annyway...my target is $4..... :2twocents

[chicken]

Techy/a..what do you say...its broken the trendline and its going higher...there is a lot of intrest in this stock...we saw a lot of action yesterday..today may be the same...Tech/a is there a new trendline..I am just wondering...we most probably will see $3...today... :2twocents

[doctorj]

I'm not sure what's crazier, the run that ZFX has had or the way I've sat back and just watched it.

[chicken]

asked yourself....if you dont buy a lottery ticket..you cant win the price...I would say if you know the horse is going to win..well what do you do ,NOT WHAT YOU DID...The company has VERY LITTLE DEBT...THERE IS A SHORTAGE OF ZINC 395k tonnes...ZFX are making nearly 46c a share and you asked this question...have a bit of faith..because being negative in life does not make you a buck...you never will make an APRENTICE with RONALD TRUMP....or I forgot they are now the 3rd largest producer of SILVER...so what have they got ...ZINC,LEAD,SILVER,COPPER,and a bit of GOLD...and as the dirctors said...we picked up the company from PASMINCO receivers for a song...PASMINCO paid many billions to build this company...and we are now benefiting this situation....they are making $$$$$$$$$ I told everyone what a steal this share is and you still are sitting and watching the share go up....well just sit and watch it go higher my target is $4..... :2twocents

[chicken]

Another strong day..Zfx is getting there....my target is $4...any comments please from TECH/a... :2twocents

[Fleeta]

I'm hearing you Doctor, you are a genius Chicken! I wish I jumped on, but now its too late I think...I really don't know about $4!

[chicken]

Think,the way I see it and the research I made...and the demand from them is such that $4 might even be conservative...so I feel this stock will go higher...they have hardly any debt..and are making $$$$$...whereby PASMINCO who was this company was in debt over a billion $$...and thats the difference now...they have not got the banks chasing them for money..and the directors said they are undergeared and need to grow the company...meaning they are looking for acreage to mine...so they are into exploration...so the future looks bright..and shareholder must be realizing that there is a great future for a company with little debt...and with the acreage they are holding for exploration...and of course..having their own smeltering places..and are NOT dependent on others makes this an intresting and profitable investment...the other share I posted is BPC..see what I said there...its happening what I posted..I just spend time in reading about this subject...the best magazine I found is called SHARES...I study it and they are just about 100%. right..they seem to have their research spot on..it works for me..so I hope it works for you as well... :2twocents

[tech/a]

Sorry been otherwise occupied.

[chicken]

Just come back to QLD..Its hot at present...and I am looking at ZFX,,BPC,,, and the one everyone overlooked...TLS...ZFX is moving very niecly and TECH/a I like to personally thank you for posting the graph..it is looking tremendous...and better to come...I read the SHARE magazine and what I SAY comes from people who spend all their time in research...and you know they have been right all along..I Just read about it and follow their advise but also follow my own thought..as I have been involved in the market since the early 80...so I do know a little of what I post...we may get a little drawback today...the dow is of a couple points...but there again who knows what will happen..but good luck to everyone my target is still $4...a share,, :2twocents

[chicken]

As I said this morning you never know well I go with the flow and 95c to go and I will have reached my target..of $4.... :2twocents

[chicken]

IF you look at TECH/a graph...we are still well above the trendline..a big buyer is working this stock real hard could be the yanks wanting more stock at a lower price...ZFX will supprise on the 18th february...the trend has been monday to wednesday up and then work it down..watch it go on monday again...after all 8 million shares traded today...some one wants these shares badly....I stay in because you will see on monday...and $23 million is no chicken feed :2twocents

[chicken]

I JUST CHECKED...it bounced of the trendline at $2,83...about 5000 shares were sold at that price..this trader is a smart cookie..and it finished around $2.89..it will just linger around this price this is a buying opportunity again...AND monday he will worke this share higher ...this trader has DEEP pockets..see how much he spend today...little shareholders sold and he bought up large :2twocents

[chicken]

THE TRADERS are having a ball today...or may I SAY the TRADER who was selling as well as buying...clever trick he sold it down and picked up niecly..as I POSTED BEFOR THERE IS A SHORTAGE OF 395000 TONNES OF ZINC and price will not fall it might even increase...we will be back over $3 next week as their result will be out..I CERTAINLY HAVE NOT SOLD MY SHARES...$4..is stll my target..did annyone notice the increase of turnover in this stock..??????? :2twocents

[tech/a]

Sold on close $2.81.

Broken trendline pretty heavy volume both days.
While I expect a retracement to the upside dont know when that will occur.

[chicken]

IT BROKE because as I SAID IT WAS MANIPULATED BY ONE BROKER..watch when their financials will come out nearly 50 million $$$$ have been dealt in the last 2 days...and I feel you will see next week what happens ,well you sold..we will see the results and the broker who bought will be laughing all the way..he has been selling as well as buying and he has DEEP POCKETS,,,,BUT FUNNY HOW IT CAME BACK TO THE TRENDLINE..does that not make you wonder..BUT I HOPE we get your oppinion next week thanks all the same,,,,my target is still $4...Deutsche BANK says $3... :2twocents

[tech/a]

Well I could well be wrong it wouldnt be the first time.

I just trade the charts.
Happy to continue commenting technically if you want.
My feeling from the charts is that it will at sometime retest the high,if it fails then it will then make a lower low IE Tank.
If it makes a new high after this pullback then technically chicken you could be right.

Time will tell.

[chicken]

THE LAST 2 SALEes on tradingroom was $2,89.....SO, we may all jet get a supprise ...there is a broker who is into this stock real heavy after all $50 million IS not from us small investors...its the big boys..check on tradingroom which gives you the no of shares sod per sale makes intresting reading...at present the sceem is 2 to 3 days up and 2 days down he is a big trader,,or broker who has plenty of $$$$$..and he plays this stock ...but if you only work on the graph..well we will see tomorrow as I feel the broker may be working it up again... :2twocents

[chicken]

With the dow up the market will be up..did anyone notice this stock follows the dow..looking at the depth it looks positive this morning..TECH/a what do you say :2twocents

[tech/a]

We will both know at about 10.30am.

My guess is that it will open around yesterdays close maybe up a few cents and not be able to hold.Todays trading will be very insightful for future short term direction.

A strong rise and new high is what you want chicken.Even if it takes a few days.Thats not being indicated in the charts YET.

Talk again in a few Hrs.

[chicken]

I noticed this big trader does not show his hand quickly..and I feel it in my bones that as the anouncement will be on the 18th feb..so I heared we should know what is happening..their report will be excelent..so I keep my eyes on the screen...and we might get some pleasent supprises

[chicken]

Well..was I not right..pity you sold yesterday..its going bananas....HI HO UP ZINIFEX WILL GO>>>>LOLOLOLOLOLO..any comments TECH/a

[tech/a]

C.

Im happy with the decision that was the plan.

As for today all looks good at this point.
Price is having trouble at this point staying above the open gap price.

I have a feeling this may range between $3.04 and 2.75 for a while.
Anyway New highs will be what Chickens waiting for.

If the rest of the share holders are as enthusiastic as you then shouldnt be a problem.

[chicken]

Tech/a...the results next week will do the talking...hope to hear from you would you be so kind and post your graph tonight..would appreciate that..thanks chicken :2twocents

[tech/a]

My tech veiw

[chicken]

On the 18thfebruary their finacials will do the talking...also noticed 84% of all shares are owned by 20 shareholders...and I understand the Yanks are still adding to their holding I wonder why ???? Anyway thanks for the graph...the brokers brought it down after hours by 3c..from $2.96.....so they are manipulating so it will not open to high on monday...still a lot of intrest especially next week watch their anouncement on the 18th...getting more intresting by the day..my target is still $4....anyone who wants to read what I post go to www.zinifex.com.au....its all there :2twocents

[markrmau]

the brokers brought it down after hours by 3c..from $2.96.....so they are manipulating so it will not open to high on monday

I don't think this is any form of manipulation - this happens all the time. For example, there was a special crossing of $15.92 for NCM whereas it closed at $16.54. If anyone can an explanation, I am interested.

Share price manipulation occurs when you put in an undisclosed bid ;)

[tech/a]

This occures when a broker has both the buyer and the seller and the price is agreed upon.Its then not open cry as such.

[chicken]

Going along still smoothly...on the 18th february we will get the report should be A1....so friday we should see the big lift...as their result should be fantastic....Tech/a any comments :2twocents

[chicken]

Man..there is some strenght in this stock I put an order in for 16000 shares at $2.97...and there are NO SELLERS at that price..I think it will hold and go higher after the announcement..what do you say Tech/a...still holding my other parcel of shares my target is still $4 :2twocents

[tech/a]

ZFX 5 min chart with a few comments.

[chicken]

Thanks Tech/a...we will see tomorrow when announcements come out if I was right...I feel the results will be excellent..see BHP..all the resourses are up and with a shortage of ZINC...see www.zinifex.com.au...price of ZINC way up so if everything goes to plan the directors will all be happy including shareholders :2twocents

[tech/a]

This morning

[tech/a]

Look'n good.
Look'n strong

[doctorj]

And I'm STILL sitting here on the sidelines!

[chicken]

Doctorj..keep sitting on the sideline because we all sometimes sit on our hands..each to his own..see what happens tomorrow..we got a few short sellers..they may get burned if the report will be what I think it will be..A1 :2twocents

[chicken]

Thanks Tech/a...looks promising thanks for the graph..all helps..happy trading :2twocents

[tech/a]

ZFX looks strong.
Came up tonight on a techtrader search as did
MCR.Thats the one Ill trade tommorow.
But will keep an eye on ZFX.

[chicken]

I hope everyone is making a DOLLAR..I am making plenty,,,,Not many shares run like this one..I starteted posting when it was $2.26..lok at it now...waiting for results they said today........ :2twocents

[doctorj]

Results are out.

[tech/a]

Fantastic enough to have chickens laying eggs!

[chicken]

Well, its holding and seen offers at $3.99...whats going on :2twocents

[tech/a]

You talking about pre open Chicken?

The $3.99 bids.
If so they are just loading in at the top of the que.
$3.99 isnt what it would be sold for its an average of bids and asks at open.

Price seems to be adjusting itself to a realistic level after morning enthusiasm.Note how support held.
You know I really cant understand why it does that time and again!

5 min tick chart.

[chicken]

Have a look at Asx..shortsell list some one sold 2million shares and needs now to deliver I wonder why he thought the price will fall..may see another small fall so he can deliver someone is either buying up large or the small investors active I really do not know :2twocents

[chicken]

Intresting article in THE AUSTRALIAN...re Zinifex...says EARNING SUPPRISE..I was not at all supprised having followed this company since April...in fact I am buying more at these prices as the share price will climb to my target of $4...ZINC prices are now over $1700 a tonne and there is a shortage..I feel the next quater is even better due to ZINC..and metals up...I hope some of the old Pasminco shareholders bought and are in for the ride..getting their money back...read the australian..paper intresting write up...will fire up this share price even more....happy trading everyone :2twocents

[tech/a]

Well done Chicken let those profits run!!

[chicken]

Thanks a million for this graph..makes it clear where we go from here...not many like that ,,,I will let the profit run on this one.... :2twocents

[chicken]

Well, what does everyone say now..she is just going,going UP....and the strength is just unreal...I hope everyone bought.....$4 is my target but I think I might have to adjust that higher...what do you say TECH/a :2twocents

[chicken]

WELL, today we had our small corection...other stocks followed but I feel this happens everytime the Dow spits the dummy...we are still on track the next quater announcement should and will be better due to the price of ZINC being short worldwide..good time in buying in for the next leg up...TECH/a what do you say....I say monday we are up again in a big way... :2twocents

[tech/a]

As Im not on it now Im looking at it a little differently,more as a possible re buy but for that there is still a wait.

[chicken]

This trend as one can see on your chart happends every week..3 days up 2 days down it clearly shows it on your graph..the company is well in profit and as someone told me if the ZINC price had been as high as it is now Pasminco would have never folded..also Zinifex got the assets at a song..wonder why the brokers did not see that..even though they say their assets are $1.5 billion the situation is ,they are a lot better or higher..if you had to build this company from the ground..its just that at the time thats what it was worth to the receiver...so its stil cheap even at this price..think about it ..THATS my opinion...also GSJB WERE just reported..FUTURE LOOKS BRIGHT FOR ZINC...And they feel that the present price could go higher...there is a 395000tonnes shortage this year for this metal...so my target is still $4..could even go higher,,IMHO :2twocents

[tech/a]

C you could be right.
But at some point the market will decide on what fair value is for ZFX.
That maybe $15 or it maybe $3.20.Profits will determine value not the shortage.The way the company is percieved will also determine price.

Currently the experts think its good value.The chart certaintly concurs.

Interesting to watch although the current uptrend is dominating.Long is a good place to be.

[emily]

yep, zfx looks good to me, in the long run that is....this is one to hold !


emily
happy trading

[chicken]

Tec/a..I agree I am staying long...as long as the Dow does not spit the dummy to often we should see $4...which is my target but it could go much higher as they have orders coming out of their ears..good way to be :2twocents

[chicken]

TECH/a...have a look at ZINC Price...nearly $1800 a tonne...and look at the share price unreal..there is someone buying PLENTY...WONDER WHY..mabe there is something up...big volume going through..I am letting my profits run...up 58%..on my shareholding in 3 months... :2twocents

[chicken]

I mentioned this before 20 shareholders holding 84% of this companies stock...only16% held by small investors or traders...so very tightly held stock...though we saw 10million shares traded on friday..I wonder why...will go higher for sure as they upgraded their profit for the full year to nearly 100%....happy trading..my target is $4..but I feel it will go past that.. :2twocents

[chicken]

Tech/a...did you see the orders going through the last minute..I think my $4 might be conservative,,lots of buyers...who dont show their hand...as I said before 100% increase of forcast profit got to be just tremendous... :2twocents

[chicken]

just to say I hope some of you old PAS shareholder took a ride on this share when I started posting and made up your looses...because my target of $4 will be reached and I feel it will go higher than that..happy trading everyone :2twocents

[chicken]

Tech/a..what do you think...the Dow spit the dummy and ZFX took off like a hare this share is strong...my target of $4...is in sight..I watched the last few minutes of trading..man some one is getting into this stock in a big way I feel its a definite hold..going up very quickly ....what is your opinion..what is the graph...thanks again :2twocents

[chicken]

ZFX..still heading north what a share..my $4 just about there....the most important thing also are their explorations..and a lot of good news should filter through soon...so I feel the value of ZFX is more like 2.5billion...taking in account if you had to rebuild this company...so the share price is still very attractive,,,bought more today at $3.42...this is a MELBOURNE CUP WINNER...lean mean and profitable...management are doing a great job after all to say their profit will nearly be 100% above their forecast..job well done :2twocents

[chicken]

This is our weekend dance..2 steps forward and one back...buying opportunity here...bought some more today for $3.28... just about every thursday and friday we have this dance...see it rise on monday higher..$4 in sight :2twocents

[chicken]

Nothing has changed the company is making a lot of $$$the ZINC price is up our forcast increased by nearly 100%..and the big trader who manipulates this stock has DEEP pockets he buys and sells at the same time..buying more as the price came back..but monday we will see a recovery..I hope because NOTHING HAS CHANGED..the company is on track what they have told the market..there are some old PAS SHAREHOLDERS who dont wish us well...the broker who wrote an article only 6 lines was vague..nothing constructive and we may see a prosecution as what he said is not true,,can you believe he used the word UNDERPERFORM..this is after the company said the are increasing their profit forcast by nearly 100%..its all there..I feel that anyone who lkes to read about the company go to www.zinifex.com.au...or yahoo.com.au They have a write up on ZINC..REUTERS report..and how Zinc is short for the next 4 years...makes you wonder who this broker wanting to tell this fairytale too..I personal think he is BUYING stock..so anything goes..I hope he did not upset the largest shareholder as they would sue and that broker better be prepared to answert to the ASX..and we dont want to finish like MIM went because these swiss people play for keeps..we may already be on their radar screen..who knows..so happy trading and I wish you well :2twocents

[chicken]

Need I say more...Tech/a...what do you think..looks like what we had the other day...spooky I thought but there again we had over 1 million shares wanted on the buying side,,,should go higher tomorrow... anyone who has any vital informations please post anything :2twocents

[chicken]

What a ride we have in this stock..Tech/a..we need your opinion or graph...its a rollercoaster... :2twocents

[tech/a]

You dont need a chart on this.
Far from a rollercoaster!!
Here it is anyway,boringly profitable!

[chicken]

Tech/a..boringly profitable..this sounds like sweet music..I think my $4.target should be soon...others on other boards are also very happy...as someone said chicken is the winner by over 50%...great call I thought when I started posting everyone thought what is with him..well www.zinifex.com.au...and shares magazine and my personal hunch found me this share and 10million shares traded..what more can I say but I like having boringly profitable shares...the other one I like is BPC...which featured on channel 7 this morning..brokers have a big BUY...I bought plenty...its a defencive stock..as some one said boring..but I hope it will be as profitable as ZFX..So everyone have a profitable year...anyone who could contribute please post here as we all like to know what is on your mind or you may come out with real news....which could be important to all of us thank you all :2twocents

[tech/a]

BPC.

You know my broker?
Bought at $1.02.

Perhaps we should start a BPC thread?

[RichKid]

BPC.
You know my broker?
Bought at $1.02.
Perhaps we should start a BPC thread?

You can be sure Chicken has got the ball rolling (for those who haven't seen it, the BPC thread): http://www.aussiestockforums.com/forums/showthread.php?p=8305&highlight=bpc#post8305

[chicken]

Thanks Rich kit...intresting situation..ZFX..check all metals are way UP...www.zinifex.com.au all there for everyone to see...Maquarie featured zinifex as a possible takeover target..intresting I thought...I think 2.5 billon could buy this group noticed 3 directors are KIWIs..all very professionals..2 from Fletcher challange and 1 from Carter holt...good management ..also..where have you got a group..they explor,they produce and they sell the finshed product....PAS was on the right track...but had too much debt..pity what could have been..but Zinifex is now making up for it....my target of $4 will easily bee reached..and higher..check their assets their sales and their profits..if they have more gold,zinc,lead or nickel or copper discoveries a $10 share is possible.. :2twocents

[chicken]

the brokers started the dance on wednesday..hold tight will go higher just shortsellers trying to fill their sales..let them bleed dont sell to them...just my personal opinion...but decide yourself what you want to do..see TECH/a s graph that tells the story... :2twocents

[chicken]

check www.zinifex.com.au the ZINC price jumped to $1788 overnight its up a massive $17...as I said reading what the metal people are saying..ZINC is short by a massive 395000 tonnes worldwide..make your research..the price is telling us that this is so... :2twocents

[The Barbarian Investor]

I'm on board the Zinifex Train -with a stop loss set of course and progressive pofit stops set as the train moves onwards and upwards (depending upon market conditions of course)

[The Barbarian Investor]

3 Months as at today

[chicken]

Barbarian,,,,monday the stock will rise to wednesday and then the traders are shortening the stock..not many being sold today..there are 800k in shorts so they have to buy them for delivery..see ASX..under shortsell intresting reading :2twocents

[chicken]

ZINC up to $1790,,,,,check www.zinifex.com.au

[whizz21]

Hi Chicken, I'm new to the stock market. What do you mean by 'see ASX..under shortsell intresting reading' ? where do I find that? Cheers

[malachii]

Have we seen a double top in this stock (2nd march and 9th march)??? If it goes down today (mon) if I'm drawing my lines right I think it may be breaking its uptrend.

What do you think tech/a??

Malachii

[chicken]

the highest was $3.48c....and the next was $3.45..it was not a double top :2twocents

[malachii]

I agree - they weren't exact but there again - they very rarely are, It is also starting to concern me that the price seems to have broken the uptrend line. It could all be just a hiccup - but there again it may not be. I use options with this one so need to be fairly quick on the reactions - I've taken a part profit today and also late last week. I'm not by any means saying this is the top and it is going to crash from here. I guess I'm just being cautious and also wondering how others see it.

[Warren Buffet II]

the highest was $3.48c....and the next was $3.45..it was not a double top :2twocents

You do not need the same price to have a double-top.

Have a read to the next info:

Sometimes the two peaks comprising a double top are not at exactly the same price level. This does not necessarily render the pattern invalid. Murphy points out that investors should be less concerned if the second peak does not hit the high of the first peak. If the second peak is higher than the first, however, investors should show caution because the pattern may be in the process of resuming its uptrend. Analysts advise that if the second peak exceeds the first by more than 3%, the pattern may not be a double top. Similarly, if the second peak stays higher than the first peak by more than a couple of days, then the pattern may not be a true double top.

[Warren Buffet II]

14-Mar 14:58:47

There are 570,882 shares for sale right now @ 3.150, anyone wants to buy?

[chicken]

Nothing has changed their finicials are the same their production is up..their profit is up everything is sold...ZINC is higher..its just traders playing..now we know where WMC is going well I wonder on which radar screene we are on...the company is sound...so what is the problem..re shortsells..its www.asx.com. au./data/shortsell.txt.I have not checked but must do so as last time I looked 800k shares were wanted :2twocents

[chicken]

I just checked so the broker has bought 300k...shares which he sold short for deliveries...only 500k left so he will work this share tomorrow to get rid of his shorts..then as the company will buy their own shares he will bring the price up..its a game they play...the company is sound..its just one broker working it real hard,,,I have not sold because 84% is held by 20 shareholders and they have not sold just a few millions went through...by sharetraders.. :2twocents

[chicken]

Warren Buffet yea there are a few on sale but the buys and sells just about equal...as soon as they anounce their exploration finds everyone will scramble to buy back in..NOTHING HAS CHANGED,....my targety is still $4...and their profit EPS still stands at 45c... :2twocents

[Warren Buffet II]

I just checked so the broker has bought 300k...shares which he sold short for deliveries...only 500k left so he will work this share tomorrow to get rid of his shorts..

Short selling :rolleyes:

If you are short-selling shares is because we think the price is going down, is that right?



then as the company will buy their own shares he will bring the price up..its a game they play...the company is sound..its just one broker working it real hard,,,I have not sold because 84% is held by 20 shareholders and they have not sold just a few millions went through...by sharetraders.. :2twocents

The company will buy their own shares, that is right $70 mil, but also they do not want to buy too high.

Is going to be interesting this week.

[chicken]

Brokers shortsell shares as they have leverage..they buy and sell at the same time and can therefore direct the market..either up or down..nothing to do with a share will fall...when you are in this position you can retched the share UP...or DOWN...its a plan if you can play with millions..and ZFX is a typical case where this is happening...it will settle down again as it has run hard but will rise as soon as we get more news the company is debt free..its got a good cashflow..and any longterm holder will benefit..and its a diversified miner with hugh potential... :2twocents

[tech/a]

Chicken

Do you honestly believe this conspiracy rubbish you espouse!

Price movement is simply supply and demand.
Some think it cheap others expensive.
When more think its expensive than cheap then the price drops to a level where buyers return.

People trying to explain why their beliefs arent panning out as they think------ look for reasons why.

Thats what your doing!

[doctorj]

Poppycock!

Price movement has nothing to do with supply and demand, its a function of the phases of the moon and the number of days to the next solstice!

[tech/a]

Yeh that too!!

I knew that---take a look at any Random fractal its bleeding obvious.

[chicken]

Funny, how the big seller disapeared today....maybe your graph shows that it will rise today..we shall see nothing has changed with the company..I also check another stock report side and one of the brokers emailed me that he was shorting this stock..may rise today but I shall keep an eye on them..the company is sound and all their prospects are on target...re my theory...retching shares up or down this broker I know does it all the time as he manages a big fund...if you have deep pockets its not a problem as it is not illegal to do that...one way of doing business...my target is still $4..but it may take a little longer to get there...ZINC is up check www.zinifex.com.au :2twocents

[chicken]

The buyers have returned it looks as if the shorts are staying away...anyway good luck to everyone.. :)

[malachii]

Good to see a bounce off the last line. I'd like to see a couple of days of increases now before the selling starts again.

Malachii

[chicken]

I agree with you noticed the shorts have not increased..on the ASX..so a uptrend tomorrow..this stock is volatile..84% is owned by 20 shareholders they are not selling..only 16% is available meaning 75million shares..are avail;able for trading..still a few shares..should rise again tomorrow..silver is starting to get a mention...ZINC is $1799....a tone check www.zinifex.com.au and read all about it :2twocents

[tech/a]

Only a higher high will convince me that this stock hasnt found its percieved(By the maket) value. Could go sideways!

[malachii]

I agree Tach/a - I'll be watching this current rally(?????) pretty closely I think!

Malachii

[chicken]

I got this from another board...check www.kitcometals.com the chart for ZINC and where it is heading..I said all along ZINC is short..via Macquarie report..on that webside you will get the price of metals plus ZINC by week,by months,by year..noticed the curve going up..most intresting..I feel this is a good find for people to get their latest update..I find it most intresting good for ZINIFEX... :2twocents

[chicken]

check www.kitcometals.com under historicals of zinc...intresting to see how this stockpile is shrinking fast...check it yourself I have been saying all along that Macqurie said there will be a shortage well the graph clearly shows that..so any one who says differently please check that side :2twocents

[Warren Buffet II]

Brokers shortsell shares as they have leverage..they buy and sell at the same time and can therefore direct the market..either up or down..nothing to do with a share will fall...when you are in this position you can retched the share UP...or DOWN...its a plan if you can play with millions..and ZFX is a typical case where this is happening...it will settle down again as it has run hard but will rise as soon as we get more news the company is debt free..its got a good cashflow..and any longterm holder will benefit..and its a diversified miner with hugh potential... :2twocents

I disagree with your definition of shortselling, if someone is shortselling is because they believe the price is going down.

This is the definition I found:

- Short Selling

The selling of a security that the seller does not own, or any sale that is completed by the delivery of a security borrowed by the seller. Short sellers assume that they will be able to buy the stock at a lower amount than the price at which they sold short.

Selling short is the opposite of going long. That is, short sellers make money if the stock goes down in price.

This is an advanced trading strategy with many unique risks and pitfalls. Novice investors are advised to avoid short sales.

Ref: http://www.investopedia.com/terms/s/shortselling.asp

[whizz21]

Date: 16/3/2005
Author: Ian Howarth
Source: The Australian Financial Review --- Page: 21

Australian lead and zinc group, Zinifex, is moving in a new direction. It hasunveiled a long-term plan to focus primarily on mining, and reduce its smeltingactivities. It will also focus on metals like gallium and germanium that it canproduce from its own zinc concentrates. Zinifex is the reincarnation of thefailed Pasminco. The rise in metals prices has already lifted Zinifex'sshare price, which is trading at around the $A3.21 mark. The big rise in theshare price of Zinifex began in early 2005, when the group's marketcapitalisation rose by $A800 million. Zinifex is now worth around $A1.6 billion

[chicken]

check www.kitcometals.com ZINC is higher by $6 US a tonne and the brokers are shortselling...makes you wonder what is going on...there is one broker selling this stock down why...I do not know but someone is picking up stock cheap..its a big riddle..but we should soon know in the next few days... :2twocents

[TjamesX]

From a poster on another forum I read (and I take a lot of notice of) - credit to "Full Time Investor"



I bought at $1.80 in Sept. 2004. ZFX was undervalued by the market for many months since the IPO in April 2004, due to the negative perception of its "linkage" from the Pasminco saga.

IPO was $1.85. The banks that had lent to Pasminco had to swap debt for equity as part of the restructuring process. Upon listing, ZFX was sold down to $1.49 in May 2004 as some of the banks decided to have closure and close their files on a negative chapter.

Over the ensuing months, the commodities market boomed, but ZFX has only zinc and lead, metals that tend to lag price rise trends of other base metals. Despite announcing two profit upgrades, the market continued to shun ZFX. The players that were burnt by Pasminco were not prepared to take another risk. Brokers were reluctant to recommend ZFX due to Pasminco.

I viewed this as a serious market mispricing when I bought at a forward P/E of 5. I relish in such positions as they are rare.

ZFX started its price rise in Dec. 2004, after another profit upgrade (this was how dense the market was that it took 3 upgrades to be noticed).

ZFX hit $3.41 on 8 March 2005 but has fallen back to $3.13 today.

It is at P/E of 8.8 FY 05 and forward P/E of 8.4 consensus FY 06.

This is a low P/E. However, the critical aspects for analysis of ZFX are the expected LME price for zinc (because ZFX does not hedge), which is expected to continue the upward trajectory and the falling stock piles of zinc, which would underpin the spot price, other things being equal.

ZFX announced an on-market share buyback for $70 million commencing April 2005. This exercise (subject to resolution with ATO) will underpin the share price of ZFX. Looking at the figures, I reckon this on-market buyback will be of value to shareholders. My thinking is that ZFX's price will rise over the next few months. I will hold.

ZFX's balance sheet is strong. It has no derivative exposure and thus, no sudden surprises from such contracts.

To me, ZFX is still undervalued by the market, but by a much lesser margin than before. Should this undervaluation continue, the likelihood of ZFX becoming a takeover target increases.

Only time will tell.

Note: This post is not investment advice. Investing in mining shares are inherently of a higher risk profile compared with consumer non-discretionary sector.



cheers
TJ

[RichKid]

From a poster on another forum I read (and I take a lot of notice of) - credit to "Full Time Investor"
cheers
TJ

TJX,
Now that was a good quality post TJ and puts things clearly in perspective imo, clearly we have to verify the figures and contentions but it is logical and easy to follow, no claims out of the blue. It's a shame we can't have more of those types of critical and constructive posts. Thanks again TJ.

[chicken]

Thats the message I have been trying to tell everyone good post..see www.kitcometals.com there you can get the graph on all metals...check it out..stockpile went down by 3500 tonnes.... :2twocents

[tech/a]

Perspective.

(1) ZFX isnt the sole supplier/miner of Zinc.

(2) Investors in ZFX will determine the traded value of the stock.

Trade it as it pans out---currently your riding a good trend.
Seems to be weakening or topping in my view but your trading isnt my call.

Every piece of analysis is of value but in the end price determines profit or loss,no amount of what could/should or would happen will make a scrap of difference.

[RichKid]

Perspective.

(1) ZFX isnt the sole supplier/miner of Zinc.

(2) Investors in ZFX will determine the traded value of the stock.

Trade it as it pans out---currently your riding a good trend.
Seems to be weakening or topping in my view but your trading isnt my call.

Every piece of analysis is of value but in the end price determines profit or loss,no amount of what could/should or would happen will make a scrap of difference.

Very good points Tech, we can't control the market, if it decided to dump ZFX, it'll do it, if it decides to let it run further it will and if it decided there are better value/higher leveraged zinc stocks elsewhere it'll switch, we can only use the charts for guidance- that is if you use T/A to trade but even the fundamentals may say the same, just have to see how this pans out, sometimes intermediate tops are broken savagely as the market clambers for more, no sign of that yet. If this is just profit taking then the exploration upside may keep this stock going.

[chicken]

Intresting buying this morning look at the orders..something could be up...annyone :2twocents

[chicken]

You said ZINIFEX is not the only one this maybe so...but the spot price is what they receive,,,the next quater..Jan 05 to end of march should be the highest return this company had...as ZINC..selling now at $1798 A $$ a tonne...plus silver is rising lead also had a good run...and their exploration potential is also there...what the share price will be I do not know but the person who posted his remarks said their PE..are low..do I need to go on..metal prices are got at www.kitcometals.com you see it all there..I dont need to ramp..but a takeover is also in the cards...because we are UNDERVALUED by the market..and someone will try sooner than later :2twocents

[TjamesX]

For me, the big one is that ZFX is unhedged to zinc prices - its value should be very sensitive to changes in zinc prices, I don't believe many resource co's do this.... therefore upside large is for price rises (and equally for downward prices)

I will continue to hold ZFX until fundamentals change

[tech/a]

Chicken

You have good arguement fundamentally.

UNDERVALUED is a perception and one which some "experts" agree on.

ZFX is trading AT VALUE if $4 was its real value thats what it would be trading at NOW.

Anyway not having a go at you I love your enthusiasm (I dont see your postings as ramping).

Your opinion is as valid as mine albeit that at times we are apart.

[chicken]

Well,well....BARCLAYS just became a substancial shareholder with 25.4 million shares...now they must know a good thing...that means...there are only 50million shares to us..the other 450million are held by 21 shareholders...does that not mean something...and there next report will be a boomer as the ZINC price Silver as well as lead have never been better...so because they are unhedged...its going to be better than the last one...and wait there exploration has not been taken in account....so BARCLAYS who have the best researchers must see value here... :2twocents

[suzanne]

Hello Chicken,

Your enthusiasm for this share has convinced me to buy in so lets see what happens.

Cheers

Suzanne

[chicken]

Suzanne..go to webside...www.kitcometals.com there you find an intresting side on prices of metals and they are up todate...also www.zinifex.com.au also the side where you can read all what I said...also I feel with Barclays in this stock there will be more confidence..as the company is trying to get away from what happened with PASMINCO..their problem was they owed 2.5 billion whereby ZFX...owes the banks silch...anotherwords they are undergeared...so no intrestpayments..and what they sell the profits go to the company....do make your own research....its important you know where your money goes...as we can all be wrong but I feel this group has big potential..most importantly unhedged,and NO DEBTS...and BARCLAYS ON BOARD...THEY have good researchers..and they would not have invested if they thought its just a speckie... :2twocents

[suzanne]

Thanks chicken. I will check out those sites.

Cheers
Suzanne

[chicken]

Suzanne..go to www.yahoo.com go to the finicial page get ZFX...and read what Reuters have to say..all heavy stuff...but all positive...I dont want to ramp just point you in the right direction,,hope it will help :2twocents

[chicken]

Looks like having BARCLAYS on board helps to stabalize the slide..here are some figures of intrest..now with Barclays share the amount available has shrunk to 50 million shares now 90% is owned by 21 shareholders..so 450million shares are not for sale at present prices..and if Barclays are adding to their holdings..well there will not be to much for sale...so this scrip is tightly held make your research but these are the figures I came up with..just imagin if Barclays buys another 25 million shares..then only 25 million are for us..so I am going to hold as I can see a much better price..in the offering..make your own research... :2twocents

[Warren Buffet II]

now 90% is owned by 21 shareholders..so 450million shares are not for sale at present prices.

Heavy selling today, there is something cooking there. ZFX is going to buy-back $70 mil, let say for $3.10 /share = 22.6 mil shares. I am pretty sure some of the owners you mentioned are selling right now or are going to sell in the next month.

No ZINC price, no company fundamentals changes are driving this share price. Just my point of view.

[Warren Buffet II]

Production Interruption at Century Mine

That is the problem affecting this company right now. They expect between 11 and 18 days interruption and they do not know the financial impact of this yet (Expected to be available next week).

So, I guess ZFX will break down the $3 mark next week.

[chicken]

In fact if you do your mathematic it will not affect the bottom line because they are getting $200 more a tonne than what they thought original..do your sums because I have the feeling you like to pay silch for the shares mark my word it will not happen...as far as falling below $3..well the traders got us there but there are more buyers than sellers...my target is still $4..and I see there are hardly any shorts on this stock..meaning they got their delivery..I feel it was overdone but the brokers had a field day...I am not selling because it will go back the direction we just came from..hickups happen...but it has not altered my position in this company... :2twocents

[chicken]

Remember...this company is the 2nd largest producer of ZINC...and has no debts...Brokers are having a ball...check the shorts only 300k left from 2millon they are working it down so they can buy back in...the company is sound...and I remember when NEWCREST was down to $1.75...have a look at the price now..same as woodside down to 0.75....yeah our share price will go up again...it could even be outside forces working against the company..as these falls and rises are not normal..its been happening to often..its not normal what is your thoughts please post :2twocents

[chicken]

check www.kitcometals.com ZINC is UP in price..and stocks have fallen by another 9oo tonnes..as I said before ZINC is in SHORTSUPPLY

[Fleeta]

Where have you gone now chicken? ZFX has fallen over 10% in the past few weeks...although todays announcement was positive. Is now a good time to get in at 3.07? Any opinions on this stock?

[chicken]

I have been away for a holiday..at $3.07..must be good to buy as I said before..stocks of ZINC are falling..ZFX..are getting $200 more for ZINC than budget for..even though there has been a small hickup share will go higher after easter..earnings will suprise....check www.kitcometals.com zinc came back a fraction...but still well above the price the company said it would average for sale of metal..this hickup should hardly show in the books..I am in and staying there ...I feel after looking at the graph of falling metal stock price will keep up or go higher... :2twocents

[The Barbarian Investor]

Maybe Fleeta is chicken trying to pass himself off as someone else..kinda like.."I'm a schitzophrenic and so am I?"

How many clones are out there on the forum hmmm :sly:

Ha Ha :D :D :D

[chicken]

Check www.kitcometals.com if we stay around these shareprice sooner than later as MACQURIE said we would become a takeover target...no debt...good mine life of up to 15 years...good cashflow..shortage of ZINC...good orders....and money in the bank...makes one wonder but I would not at all supprised...we will know soon :2twocents

[tech/a]

-------

[malachii]

It's good when someone else comes to a similar conclusion. I was starting to wonder if I'd drawn my lines right last night but I came to the same end result as you Tech.

Malachii

[tech/a]

Ah good now I wont feel so lonely when I get it wrong! :D :D

[The Barbarian Investor]

Pretty much where i have my stop loss set for this share...be interesting to see its progress this week as the markets get going again..

[chicken]

Mine back in full production since yesterday...see tradingroom....I said it was a small hickup...now April..we get figures for 3rd quater should be still good as their receipts for zinc sold was higher than budgeted for..should still achieve their forecast.. :2twocents

[Warren Buffet II]

afr.com had an article a week ago saying that this problem is going to impact profit by 12%. I am wondering why ZFX has not posted the financial impact of this hiccup?

[chicken]

Warren tell me have you thought about what you just posted...I worked out its about $4 million it will cost them in profits..you say 25 million..well on your figures they would loss 2.2 million a day now multiply thaT by 365 days..then you can see they dont make 803 million in profit..so go back and do your no..because you are up the shute with them...and who was this clever advisor..think before you post crap..post facts..I say $4 millons..and you say $25 millions..production figures would also be not right..so do us a favour and post real facts you dont know them and I only work on what I know..and I would be closer to the fact then you would you like a bet on that :2twocents

[Warren Buffet II]

The 12% impact on profits is a comment from The Financial Review publication.

I think the impact is going to be between 15 and 16 millions. Report will tell...

:2twocents

[chicken]

As I said before your figures dont compute ,as when your average profit per day is around 350k....how can you come up with these redicoulous figures..as I said you would not like to ,because. what you posted does not compute...think...you might get a supprise...I say ,their loss is around $4 million..because you work it out ,use your calculator...because thats the only way you would get your figures...because ,the company will advise so you assume, well we will see what comes out but your no...dont compute... post facts not fiction...and the finacial times has been wrong many a times... :2twocents

[Smurf1976]

Mining operations in general have lots of fixed costs which are not avoided if production is halted for any reason. Even energy is commonly subject to a take-or-pay contract.

Losses resulting from a production halt are thus reasonably close to otherwise expected REVENUE rather than profits.

For example, company xyz earns $100 million p.a. with costs of $85 million p.a. to give a profit of $15 million. A 3 month production halt reduces annual revenue by 25% to $75 million but costs during that period might only fall, say, 20% (5% over the year) giving annual costs of about $81 million and a loss of $6 million for the year.

I don't know what the figures are for Zinifex but if you are going to lose, say, 5% of annual production from Century then that is a 5% REVENUE loss from that part of their operations with a relatively much smaller cost saving.

[chicken]

They just stoped the milling...not the works..the material was stockpiled to go throuhg the mill...it was just one tiny part of their operation...also they budgeted for sales at A $1400 per tonne...but they received between..$1800...to $1695 per tonne....well above their forecast..Warren you never took this in consideration..as I said its not going to maKE a hugh difference in their profits.. :2twocents

[malachii]

Well - $3.06 was my alert and if it closed below $3.00 I was closing out. Unfortunately it closed at $3.00 which means what ever I do I'm going to probably regret it (LOL). Ah well - I'll be watching tommorrow very carefully!

Malachii

[Warren Buffet II]

They just stoped the milling...not the works..the material was stockpiled to go throuhg the mill...it was just one tiny part of their operation...also they budgeted for sales at A $1400 per tonne...but they received between..$1800...to $1695 per tonne....well above their forecast..Warren you never took this in consideration..as I said its not going to maKE a hugh difference in their profits.. :2twocents

Well, I do not see where your numbers are coming form either. I'll give you some of my points, I'll give you the reference so you don't say I am making it up:

- Zinifex costs were 3% higher than forecast in first half year due to higher oil and other commodity prices affecting inputs. (Oil still going up) (Zinifex website, half year results)

- FY05 Second Half Forecast Assumptions (A$/t) Zinc 1,570 Lead 1150. (It is not $1400 per tonne, please recheck your numbers) (Zinifex website, half year results)


They just stoped the milling...not the works..the material was stockpiled to go throuhg the mill...it was just one tiny part of their operation...

- I do not think it is a tiny part, this is how the mine work

"Ore is fed from a stockpile to the grinding circuit by conveyor, where it is ground by a SAG mill and a ball mill operating in series. Ore then passes to the flotation circuit where lead and zinc concentrates are produced."

That basically means that no zinc was produced in the last 11.5 days.

- So, some numbers:

This mine produces 500000 tonnes/year
Stopped 11.5 = 500000/365 * 11.5 = 15700 tonnes that they stopped producing.

15700 * 1570 (forecast assumption) = 24.6 millons

I would like to see where your numbers are coming from.

Regards,

WBII

[RichKid]

Well, I do not see where your numbers are coming form either. I'll give you some of my points, I'll give you the reference so you don't say I am making it up:......................
..................
........
I would like to see where your numbers are coming from.

Regards,

WBII

Good to see some figures and sources WBII, nice explanation by Smurf in the earlier post too, I doubt the figures will stop Chicken's 'enthusiasm', it's just misleadnig imo when a thread gets bumped up everyday as if it was skyrocketing. Just my opinion, it'll be good for the reputation of ASF to maintain high quality posts.

[chicken]

From the 1st April...Zinifex will be buying 70million dollars worth of their own shares back.... www.kitcometals.com see Zinc prices up

[The Barbarian Investor]

I believe ZFX mill is back on line..i'm out though as stop loss was fired at around $3.00

[chicken]

City investment just big recomendation on Zinifex...makes you wonder why people are short selling..ah well good buying oportunity... :2twocents

[chicken]

ZFX will be up again soon after all those suckers sold out....Copper,Aluminium,Zinc prices forecast by CITIGROUP..MARCH(BLOOMBERG) Zinifex LTD the world 2nd biggest ZINC miner may be earning $210 million after tax 10% higher than previous forecast CITIGROUP said. ZINC prices in the first half may be 9% higher than prvious forecast at 60cents a pound and nickel may be 8% higher at $6.75 a pound the report said

[chicken]

read previous post...date should read by CITIGROUP-MARCH 30th(bloomberg)

[tech/a]

My exit at $2.80 a few months ago doesnt seem that bad now.

[chicken]

the way chicken sees it....suckers sold to brokers..after all $30 million is not chickenfeed...brokers shorted the stock..to get in...Zinifex starts buying $70 millon of its own stock broker sells at a higher price to Zinifex...broker made good profit..broker happy..sucker unhappy..Zinifex will rise in price..end of story

[chicken]

Tech/a thanks for the chart.....shortselling will cease today as Zinifex will start buying shares as from the 1st April...brokers will make the $$$$...brokers will be very happy...one share offered for sale at $2.69...one only...brokers playing again :2twocents

[chicken]

Well,...I told you so...brokers laughing all the way to the bank...wait tomorrow Zinifex starts buying...$3.20 easly got by brokers..work it out on 20million shares if they make 30c..to 40 cents...great profit for them....

[tech/a]

You sure your a chicken??

[chicken]

I am...LOLOLOLOLOLOLOLOLOLOLOLOL......Tech/a I am a chicken........LOLOLOL

[chicken]

Only up 18cents....Zinifex will start buying tomorrow...1.2 million shares wanted...its going to get intresting tomorrow...1stApril....read my previous posts to understand what is happening.... :2twocents

[chicken]

This is intresting..Zinc stocks have fallen by 200000 tonnes in the last 6 months and are continnuing to fall...well what have I said...ZINC is in short supply usage outsrips the minig and as long as CHINA uses this hugh stockpile its getting smaller...Zinc will be steady to up in price another posted said he bought more of ZFX as by the middle to end of year more people wanting these shares...and said also $4+++ will be the share price...brokers are having a ball and making a killing with stocks they got from..other people..I nearly sold out to but decided NO..so I am happy that I kept my shares..my target is again $4....LOLOLOLOLOLOLOLOLO :2twocents

[chicken]

Well how do you like that.....there now is buying recomendation from UBS...recomendation and target price $3.72...valuation $3.10....from NEUTRAL...to BUY...I told you the brokers were having us on...must have been right all along pity the ones who sold...looks like an easy ride now...read it on air dated the 1stApril....so what do you know :2twocents

[Warren Buffet II]

Well, I do not see where your numbers are coming form either. I'll give you some of my points, I'll give you the reference so you don't say I am making it up:

- Zinifex costs were 3% higher than forecast in first half year due to higher oil and other commodity prices affecting inputs. (Oil still going up) (Zinifex website, half year results)

- FY05 Second Half Forecast Assumptions (A$/t) Zinc 1,570 Lead 1150. (It is not $1400 per tonne, please recheck your numbers) (Zinifex website, half year results)



- I do not think it is a tiny part, this is how the mine work

"Ore is fed from a stockpile to the grinding circuit by conveyor, where it is ground by a SAG mill and a ball mill operating in series. Ore then passes to the flotation circuit where lead and zinc concentrates are produced."

That basically means that no zinc was produced in the last 11.5 days.

- So, some numbers:

This mine produces 500000 tonnes/year
Stopped 11.5 = 500000/365 * 11.5 = 15700 tonnes that they stopped producing.

15700 * 1570 (forecast assumption) = 24.6 millons

I would like to see where your numbers are coming from.

Regards,

WBII

well, as I predicted:

-Impact 14Millions (I posted 15 ot 16 mill)

- Lost production 17.700 tonnes

It is a shame that chicken did not post his 4 millions numbers :)

I would like to see more objective posts and not only speculation.

Regards,

WBII

[chicken]

NOW, who cares...the shareprice is going in the right direction...UBD..value the stock at $3.10...and have a target price of $3.73...and who are you to argue with them..ZILCH...because they say and advise..I was right the shareprice was manipulated down by the brokers...suddenly...recomendation by UBD...from NEUTRAL...to buy...to argue with you over nothing..well everyone is buying..not shorting..go and short it you loose your money..see it go to $3.73...and I was told they are looking at a shareprice of $4++++...so you can post as much as you like because I thought there was something odd about the situation...now see it go past $4..in the next 6 months..ZINC stockpile is reducing drastically....so..who will laugh last me..because their forecast is on the low side...its not what I say...but the advisers...you are just negative..do you ever make a $..with you attitude also when you read their article they say the loss was OVERDONE...the company has NO debt..making good $$$ and you are telling us the opposite..get of the grass..in fact watch people getting into this stock...they be climing over each other soon...watch and see :2twocents

[malachii]

As I said before your figures dont compute ,as when your average profit per day is around 350k....how can you come up with these redicoulous figures..as I said you would not like to ,because. what you posted does not compute...think...you might get a supprise...I say ,their loss is around $4 million..because you work it out ,use your calculator...because thats the only way you would get your figures...because ,the company will advise so you assume, well we will see what comes out but your no...dont compute... post facts not fiction...and the finacial times has been wrong many a times... :2twocents


I think you could at least apologize Chicken - your pretty critical of anyone who offers a difference of opinion and demand they post fact not fiction and then when they back themselves up you write them off.

Malachii

[DTM]

Speaking to my brother in law who is a trader ie chemicals, he said that his Chinese contacts came into town, and bought a tonne of zinc off Pasimenco to the value of 6 months production.

Thought people might like to know.

[Warren Buffet II]

NOW, who cares...the shareprice is going in the right direction...UBD..value the stock at $3.10...and have a target price of $3.73...and who are you to argue with them..ZILCH...because they say and advise..I was right the shareprice was manipulated down by the brokers...suddenly...recomendation by UBD...from NEUTRAL...to buy...to argue with you over nothing..well everyone is buying..not shorting..go and short it you loose your money..see it go to $3.73...and I was told they are looking at a shareprice of $4++++...so you can post as much as you like because I thought there was something odd about the situation...now see it go past $4..in the next 6 months..ZINC stockpile is reducing drastically....so..who will laugh last me..because their forecast is on the low side...its not what I say...but the advisers...you are just negative..do you ever make a $..with you attitude also when you read their article they say the loss was OVERDONE...the company has NO debt..making good $$$ and you are telling us the opposite..get of the grass..in fact watch people getting into this stock...they be climing over each other soon...watch and see :2twocents

Well, there 2 ways of making money, one is trying to invent stuff so people get involved in the wrong moment (which you exercise very well: you only post the days this stock is up and when the zinc price up, but then when the stock is down look like you are on holidays :eek: ). I bought ZFX for 2.82 and sold for 3.05 this week, so I am making money without dreaming for $4 like you.

Unfortunaly, I find your information very poor and based on your dreams instead of real facts

Regards,

WBII

[The Barbarian Investor]

Price is still subdued at the moment.. however looks like it found support at around $2.80.

IMHO i believe it will rise above $3.20 again , how quickly is anyones guess..

PS - had a play with the edit function and have posted ZFx chart..feel free to add comments or your own view..

[chicken]

Warren..so you sold..so what...UBD..they are advisers..say VALIUATION..$3.10 TARGET PRICE $3.73..and BUY..so who are you to argue with them..and what you dont seem to understand what they lost or what it cost them will make very little difference in their yearend PROFIT...those $14 million dont come out of profit the profit on that loss is about $4 million..I just cant understand that you want to take the full amount of profit..thats how it does not work speak to an Accountant he will erxplain it to you..they still kept operating if you buy or sell its up to you I am only pointing out where it is heading to..do you understand tha I was told by some one who knows ZINC prices will rise and ZFX has every chance to go over $4...+++ :2twocents

[chicken]

DTM..good post....the share price speaks...or the market has spoken..UP it goes...If you short it the brokers will burn you ,shorts have disappeared check it out on th ASX side under shortsell...and www.kitcometals.com tells the story...check it if you are invested in this stock..if you buy or sell its your business..I dont dream I KNOW thats the difference..this is GOOD STOCK....and 21 shareholder hold 425 million shares..Zinifex are buying 70 million $ worth starting on the 8th April....so we would assume only 50 million shares are left to trade..and those are figures from ZINIFEX...and so we will see where we go from here..ZINC will go Up..thats for certain..CHINA needs it and shares will be in short supply..work it out what will happen..one does not have to be a rocket scintist to know....where the share price will go... :2twocents

[chicken]

can anyone post what a cost or expense is ,so Warren Buffett...who does not seem to understand that its a cost not a loss to profits..I think he still does not understand how it works...it all comes under operating cost NOT profit..Profit is the end result...any accountants on this board please post so he will understand the full impact of the situation...I have run businesses so I know he got the wrong end of the stick...annyone :2twocents

[Warren Buffet II]

can anyone post what a cost or expense is ,so Warren Buffett...who does not seem to understand that its a cost not a loss to profits..I think he still does not understand how it works...it all comes under operating cost NOT profit..Profit is the end result...any accountants on this board please post so he will understand the full impact of the situation...I have run businesses so I know he got the wrong end of the stick...annyone :2twocents

Chicken, everytime you speak about numbers you get it wrong my friend. if you used to run business like that I can imagine where they are now.
Check the next article from The Sydney Morning Herald:

"A recent shutdown of an ore grinding operation in Queensland will cost lead and zinc miner Zinifex Ltd $14 million in pre tax profit"

http://smh.com.au/articles/2005/04/01/1112302216247.html

I am getting a bit tired of discussing no sense with you and this is making this thread really boring when all you do is talking about your brokers, zinc price and speculation without any facts.

WBII

[chicken]

I still say that you like just to be short but the trend is NOW going against you ..read the article in the Courier Mail..Tax brake for people who lost in Pasminco..ZINIFEX..is going from strength to strength it says and UBS given guide of the share price so you DONT know read it and get educated...ZFX..is rising...ZINC price IS RISING..so you are telling us they are short as I said before get of the grass...UBS..values the share at $3.10....and their target is $3.73...so where is your problem...the under $3..well that will take time but its UP the trend....and going against the trend does NOT work..how many millions did it take to short this stock..I am sure you are not in this leauge to short it...because $30 million is not chicken feed. and I doubt even you took a name from a very wealthy person..you are NOT in the hunt... :2twocents

[el_ninj0]

I still say that you like just to be short but the trend is NOW going against you ..read the article in the Courier Mail..Tax brake for people who lost in Pasminco..ZINIFEX..is going from strength to strength it says and UBS given guide of the share price so you DONT know read it and get educated...ZFX..is rising...ZINC price IS RISING..so you are telling us they are short as I said before get of the grass...UBS..values the share at $3.10....and their target is $3.73...so where is your problem...the under $3..well that will take time but its UP the trend....and going against the trend does NOT work..how many millions did it take to short this stock..I am sure you are not in this leauge to short it...because $30 million is not chicken feed. and I doubt even you took a name from a very wealthy person..you are NOT in the hunt... :2twocents

You got some links for those valuations by ubs and others chicken?

[Smurf1976]

I still say that you like just to be short but the trend is NOW going against you ..read the article in the Courier Mail..Tax brake for people who lost in Pasminco..ZINIFEX..is going from strength to strength it says and UBS given guide of the share price so you DONT know read it and get educated...ZFX..is rising...ZINC price IS RISING..so you are telling us they are short as I said before get of the grass...UBS..values the share at $3.10....and their target is $3.73...so where is your problem...the under $3..well that will take time but its UP the trend....and going against the trend does NOT work..how many millions did it take to short this stock..I am sure you are not in this leauge to short it...because $30 million is not chicken feed. and I doubt even you took a name from a very wealthy person..you are NOT in the hunt... :2twocents
Tax break for those who lost in Pasminco?

[chicken]

THAT IS CORECT...TAX breaks for 60000 shareholders who lost money in shares who had them in PASMINCO...THE COURIER MAil>>>ARTICLE RE THIS MATTER....GO on line and read it for yourself

[chicken]

EL NINJO...THE COURIER MAIL....read the article UBS advises $3.10 valuation...target price $3.73.....now a BUY from NEUTRAL...not what I say but the finincial ADVISERS...now go to the courier mails webside and see the article..also TAX BREAK for 60000 shareholders in PASMINCO.... :2twocents

[chicken]

Warren..ZFX turns over $1.2 billion in sales of minerals..they lost $14 million which is production..now they make say 20 % profit now do you get the drift how it works..what you are saying is crap..not $14 millions of total profits but it first comes out of total sales..profit is calculated AT THE END...I know you have not a clue how it works..if you have an expense..which this was..the profit on the 14 million they did not earn or lost is not profit but turnover..man you know little..if I was in business with you I run a mile...thats why I said the impact would be $4..million....perhaps not even that...all the other smelters are working and there was NO time lost there...

[dutchie]

Chicken

Your enthusiasm for ZFX is very obvious.

However it should not get in they way of ridiculing people who may have a different point of view to your own.

Firstly in regard to the $14m - this was reported by the Company to the ASX (on the 31 March) as a $14m decrease in EBIT (which is what WarrenBuffet alluded to) - so without knowing the interest or tax component the real profit loss is unknown but I think your estimate of $4m. is incorrect too.
Irrespective of what the real figure is the idea of this forum is that if posts make statements in regard to profits, price estimations etc. they should be backed up by facts (or references) or if they are just opinions then that should be stated in the post.
It is great that you are trying to convince others that ZFX (and BPC) are great co.'s and that we can profit from them. However if you make posts try and back up your opinions and don't ridicule other posters who may disagree with you. We are all here to share information and learn from each other.
If we all practice constructive criticism then we will all benefit from different points of view.
If a poster ridicules everyone that disagrees with their opinion they will soon be posting to themselves!
I urge all forumites to continually focus on the subject at hand and NOT the poster!
Chicken please continue to make posts to this forum as I think you have something to contribute.
Irrespective of the future of ZFX (I am also bullish in the long term) continue your enthusiasm but think about what you post and how it is worded and please dont ridicule other posters, but argue/discuss/debate the subject.
I hope you make lots of profit (after tax and interest) with ZFX!

[RichKid]

Chicken

Your enthusiasm for ZFX is very obvious.

However it should not get in they way of ridiculing people who may have a different point of view to your own.

Firstly in regard to the $14m - this was reported by the Company to the ASX (on the 31 March) as a $14m decrease in EBIT (which is what WarrenBuffet alluded to) - so without knowing the interest or tax component the real profit loss is unknown but I think your estimate of $4m. is incorrect too.
Irrespective of what the real figure is the idea of this forum is that if posts make statements in regard to profits, price estimations etc. they should be backed up by facts (or references) or if they are just opinions then that should be stated in the post.
It is great that you are trying to convince others that ZFX (and BPC) are great co.'s and that we can profit from them. However if you make posts try and back up your opinions and don't ridicule other posters who may disagree with you. We are all here to share information and learn from each other.
If we all practice constructive criticism then we will all benefit from different points of view.
If a poster ridicules everyone that disagrees with their opinion they will soon be posting to themselves!
I urge all forumites to continually focus on the subject at hand and NOT the poster!
Chicken please continue to make posts to this forum as I think you have something to contribute.
Irrespective of the future of ZFX (I am also bullish in the long term) continue your enthusiasm but think about what you post and how it is worded and please dont ridicule other posters, but argue/discuss/debate the subject.
I hope you make lots of profit (after tax and interest) with ZFX!

Agree with you wholeheartedly Dutchie and WBII, and I don't think it's fair of Chicken to say that people who aren't as bullish on ZFX as he is are 'shorting' the stock (ie an implication of vested interests)- where's the proof? Might be good to see the ramping thread Chicken, you tend to post to yourself and repeat material ad nauseum. If you were new to stocks it would be a different story but you are an old hand as you mentioned in your early posts on this forum, you know exactly what you are doing- ramping. It's the innocent & inexperienced that'll get emotionally trapped by your posts. I'm only asking that you show some limit to your 'enthusiasm' and more respect for conflicting views. That's just my opinion, you are welcome to disagree: http://www.aussiestockforums.com/forums/showthread.php?t=1145

[reichstag911]

Based on T.A. only and not funnymentals:

It is a short - and not long...


Cheers.

[chicken]

Dutchie thank you for this post..I just got mad with people who say it was PROFIT..which it WAS NOT..UBS advisers stated the whole thing was over done..NOW I wonder who that rocket scintist was..but now I am happy to see that people understand that it was an EXPENSE..the cost to profit is a completly different situation..also I said the COURIER MAIL featured an article saying anyone who lost money in PASMINCO will get a TAX break..I was NOT invested in PASMINCO...too much debt...NOW UBS also featured in this article..valueing ZFX...$3.10...their price target is $3.73.....and now its a BUY...from NEUTRAL...now thats was posted in the courier MAIL...as far as BPC...burns philp....look, what they sell and who they are...forcast profit for the year 410Million $$$...should be debt FREE within 10 months..now I am NOT a rocket scintist...just a person who reads and watches...that PANELBEATER is now highly regarded..I know a lot of people here in Aussie and also in NEWZEALAND...And everyone...seem to like BPC..Australians largest food manufacturer...turnover $3.6 BILLION..wish I had bought at 3c..6 years ago..now brokers valueing the stock at $1.15.......I hold 100k of these..so you see I like it the otherone I posted was MAP...now on its way UP....so you see when I started posting ZFX was $2.36....and now over $3.. :2twocents

[The Barbarian Investor]

I believe that ZFX has merit and 'will rise' over the ensuing weeks as i've said before. How fast is anyones guess..

The recent drop would've been a good time to buy in. sad to say, the recent drop saw me exit the stock via my stop loss.

it's still a stock i'd be still happy to have in my portfolio though

Chicken, your love for this stock knows no bounds and time will tell the outcome, the thread has generated healthy debate to say the least and i for one have enjoyed reading the views of others.

:2twocents

[chicken]

Yes of course...we all have different opinions..but Accounts are ALL the same..that is one understands them ,I do..but anyway.thanks for your post and will keep posting if I think its worth while..what do you say about UBS..$3.10 valuation...$3.73 target and now a BUY from Neutral...so what is your comment

[The Barbarian Investor]

Regarding Zinifex

Zinifex offers leverage to both lead and zinc prices.

lead prices will be moving north i believe

Look at the PE of ZFX , i believe there is merit in the stock especialy over the long term.

[RichKid]

Regarding Zinifex

Zinifex offers leverage to both lead and zinc prices.

lead prices will be moving north i believe

Look at the PE of ZFX , i believe there is merit in the stock especialy over the long term.

Yes, those metals seem destined to go higher but short term there is some resistance. I prefer CBH as a Zinc and Lead play, much more leverage (hence riskier) but unlike ZFX it's not running at full capacity yet. It's my pick for the tipping comp.

I like ZFX too but it's looking a bit toppish atm I'd say the price of Zinc affects the sp a lot- just my opinion, see the charts. Maybe sideways for awhile like last year? Less likely but a steady stock barring further mishaps.

[chicken]

UBS..values ZFX..at $3.10.....targetprice $3.73...from NEUTRAL to BUY now

[malachii]

Chicken - there are only so many times you can write that before it starts to look like blatant ramping!!

Malachii

[chicken]

I am stating a fact ,if I was ramping...UBS wrote that and posted that and who do you believe RICH KIT who said it was toppy or UBS who are respected advisers...also Barclays have now 36million shares, take that away from...75 million shares and you have 39million shares so that is what is liquid in ZFX shareholding...ZFX is starting to buy on the 8th APRIL 70million$$$$ worth of shares, so they be buying say 20million shares ,so if the 21 shareholders hold on to their shares..you dont have to be a rocket scintist to see what is happening..get your facts OK..I am NOT ramping but pointing out what the facts are..BUY, if you like ,sell ,if you like OK...so the shares available for trading are getting slimer as from FRIDAY the 8th..so just to put the records straight,,,even the shorts have virtually disappeared..you get that information on the ASX board..If I was ramping I would tell you to buy...did I? NO I am just pointing out you got a company with hugh cashflow,Debt free and 92% of shares are held by 21 shareholders..and the 2nd largest ZINC mine with everything pre sold..think about that ..so I was told by someone $4 plus you can expect now tell me something different I like to hear it....I like zfx..because they got a good team..and most important they are making $$$$$$$$$$$$...and no or very little debt show me a company who is so undergeared....and they started exploring again..also could buy some of the smaller groups..I am sure they looking and after all they got the MONEY....to buy..the traders are getting into this stock..larger parcels are getting harder to buy just watch what happends :2twocents

[RichKid]

Chicken - there are only so many times you can write that before it starts to look like blatant ramping!!

Malachii

That's not going to stop him Malachii. This Chicken is drunk on ZFX.

Chicken, if you're going to bump this thread all the time at least put something new, why don't you go off and find the full broker report you quote by UBS and post the relevant parts here with a link to the source if possible.
It might soak up a bit of your excess energy. Original material please rather than paraphrasing and repetition. Let's hope it's not old info either.

[chicken]

Read MY last post..re shareholders of the company..Richkid..the posters KNOW UBS why do they not got and read it themself its ALL there..re valuation..when you sell something below valuation WHO GAINS...buyer...I am NOT selling and so are BARCLAYS,and all the other BIG SHAREHOLDERS..it will see $4 you will see but of course for day traders and TA traders I am BAD MEDICINE because people getting information which you would rather see them not to have yes I like ZFX story and I hope that they will be VERY successful for us shareholders..one of the better mining companies...and yes the shares the public will have acess to will also be a small pool....so thats the true picture..nothing in being drunk with ZFX...its just great to be in a company..no debt,undergeared and making plenty of $$$$$..and 5 own smelters...AND EVERYTHING SOLD FORWARD....not many mining companies with that story..

check...www.kitcometals.com Lead is UP..and Zinc stock has fallen again by over 2000 tons for the day....

[Joe Blow]

I am stating a fact ,if I was ramping

Chicken, it's not WHAT you are saying but how many times you are repeating the same information that is beginning to annoy some people.

Can you please only add new information to this thread, it is getting a bit clogged with the same information being posted again and again.

Also, instead of posting two or three times in a row, can you try to put everything you have to say in the one post.

Thanks.

[Warren Buffet II]

Chicken, it's not WHAT you are saying but how many times you are repeating the same information that is beginning to annoy some people.

Can you please only add new information to this thread, it is getting a bit clogged with the same information being posted again and again.

Also, instead of posting two or three times in a row, can you try to put everything you have to say in the one post.

Thanks.

Joe,

Annoy is just a bit, it is getting really boring to check this thread because as you said you find the same comment from Chicken over and over and over again. Sometimes I think he posts 3 or 4 times in a row to put good comments away and keep all his useless posts in front.

For those interested in the brokers valuation, here is a list of the latest valuations (if you want the specific comments just let me know):

Regards

WBII

[dutchie]

WB2

That puts a lot of Chickens statements into context.

There is a large variation in values and it would be interesting to know what they base their valuations on and why they are so different.

Is all that information available at a particular site?

[Warren Buffet II]

Recommendation Overview

GS JB Were 04-Apr-05 1 Outperform, L/T Buy - -
The broker notes management’s assessment the lost production from technical problems at the Century mine would impact earnings by $14m compares favourably to the broker’s conservative estimate of a $24m impact. As a result, the broker has increased its EPS forecasts in FY05 by 5.4% to 37.2c and in FY06 by 0.2% to 43.2c. Valuation has also increased to $3.02 from $3.00.

UBS 01-Apr-05 1 Upgrade to Buy 2 from Neutral 2 $3.72 22.0%
Target $3.72. The broker suggests the recent share price weakness has been a combination of profit taking and concerns over operational problems at the Century mine. In the broker’s view the price decline has been overdone as the Century impact is likely to be lower than expected, commodity prices suggest guidance is conservative and the buyback can commence on April 8. The broker’s valuation is $3.10.

Macquarie 21-Mar-05 3 Neutral $3.00 -1.6%
Target $3.00. An electrical problem has interrupted production at the Century mine, with the company estimating 20% of quarterly production or 5% of annual production may be lost. As a result the broker has cut its 2005 earnings by 8% or $20m to $237.2m but notes valuation is only reduced by 3c to $2.05, so overall the impact is minor.

CSFB 21-Mar-05 5 Underperform $2.89 -5.2%
Milling operations at Century mine have ceased due to electrical failure resulting in outage of 11-18 days. The share price is, however, driven by the global shortage in zinc concentrates, the broker says.

Deutsche Bank 21-Mar-05 1 Buy $4.00 31.1%
The broker considers any pullback in the share price to be a buying opportunity given the zinc market is strengthening. Target down 2.9% due to problems at Century.

Aspect Huntley 22-Feb-05 3 Hold - -
Normalised NPAT came in slightly below analyst's expectation, with cost pressures starting to impact. Despite this, the analysts upgrades FY05 headline NPAT estimate from $145.2m to $193.0m as a result of increased short term price assumptions and lower than expected depreciation and amortisation charges. Similarly, FY06 NPAT is upgraded from $142.9 to $231.5. After normalising for the anticipated tax benefit, FY05 NPAT has been cut to $131.1m. ZFX is highly leveraged to zinc prices. If Aspect Huntley increases its long term zinc assumption from US$0.55/lb to US$0.60/lb, its ZFX valuation rises from $2.65 to $3.92. Zinc prices are on the improve, driven by China. Stockpiles are sizeable but falling. The bulk of profits are being generated from Century and Rosebery. Mine life is an issue at both operations, the report reminds us.

SB Citigroup 21-Feb-05 1 Buy, High Risk $3.30 8.2%
Earnings surprise was tax driven, the analysts say. Zinc is one of Citigroup’s preferred metals and with the price pushing new highs, the analyst maintain their Buy recommendation and target of $3.30.

Merrill Lynch 21-Feb-05 3 Neutral, High Risk - -
Result higher than guidance due to write backs from tax expenses, the analysts say. Lower depreciation at Century and lower zinc TCRCs see FY05 EPS forecasts rise by 0.11 to 0.36, FY06 by 0.07 to 0.32 and FY07 by 0.09 to 0.22.

[chicken]

Thanks Warren..we are on the right track after all....... :2twocents

[Warren Buffet II]

Thanks Warren..we are on the right track after all....... :2twocents

I bought ZFX again this week, I can see some extra potencial now that the problem with the mill has passed. Look chicken I am not against you but I like to talk with facts and correct numbers, that is what I always try to do. I like posts with new information, brokers valuations etc.

Time will tell.

WBII

[chicken]

Check...www.kitcometals.com ZINC rising in price...check a little stock CBH makes intresting reading..also into ZINC....ZFX..can anyone tell me if they started their buyback...been away so just wondering..... :2twocents

[Porper]

Check...www.kitcometals.com ZINC rising in price...check a little stock CBH makes intresting reading..also into ZINC....ZFX..can anyone tell me if they started their buyback...been away so just wondering..... :2twocents

I can't believe zfx is the share that Chicken is ramping continuously as I have just bought it :banghead:
I didn't realise until I was reading this thread tonight.Not only that, I also bought CBH (see above quote).

I am doomed for sure :eek:

I bought purely because it turned up on my daily scan, the chart looked good for a bit more to me, but only a beginner so time will tell.

So Chicken, keep up the good ramping (only joking).;)

[Porper]

can anyone tell me if they started their buyback...been away so just wondering..... :2twocents

Forgot to answer your question Chicken. The buy back was due to start this month, at market, so who knows :dunno:

[chicken]

Well,its been a few days from my last post...well they started their BUYBACK...but very slow....we will see what happends after all they want to spend $70million and if they buy as little as yesterday it will be heavy going...at present our broker is busy again..stock will rise again..also we should hear soon how the last 3 months went..should be OK as the prices they got was on the high side...stock will rise again on monday we will see the same tomorrow...so good luck to everyone.....chicken

[Porper]

.stock will rise again..also we should hear soon how the last 3 months went..should be OK as the prices they got was on the high side...stock will rise again on monday we will see the same tomorrow...chicken

I have to admit you have been pretty accurate with your predictions so far. I particularly like the "Will" rise parts.I hope you are right Chicken as I own this stock now.

If you are a bit of a dab hand with the old Tea Leaves, can I throw a few stocks your way, and you can tell me which ones will rise :xyxthumbs.Save me a lot of headache trying to learn charting.;)

[chicken]

The reason it will rise a. shortage of Zinc worldwide...estimated by 395000 tonnes...b.425 million shares owned by 20 shareholders c.Zfx buying about 25 million shares of 75 million shares which are freely available. d.see what Warren posted re valuations...d.company now exploring new ventures. e.very high prices received for sales..e...NO DEBT...f. good CASHFLOW..g company open to buy other resource companies....h. 2nd largest producer of Zinc e. large silver producer. j.large lead producer.....annyway make your own research as I had posted most of what I say...I am sure you find what I found out the company is pretty sound..brokers are playing around this dance has been going on for the last 3 months...but will go higher you must have seen value if you bought.... :2twocents