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ZFX - Zinifex Limited

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wayneL said:
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No. Thanks Wayne.

I struggle with this though because Zn is in a really strong position. I can't see a downward trend lasting very long at all. If your EW count is correct then we're in for an a, b, c, downward trend no?
 
kennas said:


No. Thanks Wayne.

I struggle with this though because Zn is in a really strong position. I can't see a downward trend lasting very long at all. If your EW count is correct then we're in for an a, b, c, downward trend no?
Click to expand...

Not all corrective waves go down a lot. Wave b of a flat can actually go higher than wave 5 of the impulse and still be "corrective".

As to whether my count is correct? LOL Stranger things have happened!
 
wayneL said:
Not all corrective waves go down a lot. Wave b of a flat can actually go higher than wave 5 of the impulse and still be "corrective".

As to whether my count is correct? LOL Stranger things have happened!
Click to expand...
Perhaps those waves will hit the $15 and $16 support points?
 
Is whats happening at the moment maily due to ins rising and obviously Zn going down.In other words even if Zinc goes up overnight the fact that stocks have risen counteracts the positive effect of the price rising.Strange how PEM has held up so well compared to ZFX and KZL-unfortunately hold all 3 and not enough PEM to offset the effects of the other two
 
Lert said:
Well, for better or worse I (my super fund that is) hopped aboard ZFX today for the first time at 16.82.. Wish me luck, hoping only a short term downturn and up again on Monday..
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Lert
Learn to see through the "noise".
This is an essential corrective phase for zinc (and related equities) after a massive 30% rise in a month to Early November.
Overbought will soon translate into oversold and the buyers will be back in.
However, There is still a little more turbulance ahead before we are in clear waters again.
If it's in your superfund, then just look at the weekly charts for the next few months.
 
wayneL said:
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wayne , you make reference to "FWIW"
now I've been racking my brain here
"f***ing windy in Wellington"
"f*** wit I was"
"favourite wins in Wagga"

maybe yuo could put me outta my misery here

btw LERT , you sound like you is in the same predicament as me ... SMSF etc ... I have about 5 (maybe 10) years to turn a (very) small amount into a small fortune

like the old joke - "how do you invest to end up with a small fortune? "
"start with a big one "

PS Rederob - hope you're right about the long term trend in zinc - i.e. we're not going down the zinc here btw, I'd prefer to bet on you being right than the aussies winning the next test
 
2020hindsight said:
wayne , you make reference to "FWIW"
now I've been racking my brain here
"f***ing windy in Wellington"
"f*** wit I was"
"favourite wins in Wagga"
(maybe yuo could put me outta my misery here
Click to expand...

MACD=Moving Average Convergence/Divergence
FWIW=For What It's Worth .....I do like your version..........."f*** wit I was"
Zn=Zinc
 
2020, funny thing about SMSF is you cant afford to lose the money specially when a bit long in the tooth like me.. anyway took the plunge 12 months or so ago with a 25 stock portfolio and am up about 35%, could have done better if I'd sold a few dogs but you get that....
 
Lert said:
.....could have done better if I'd sold a few dogs but you get that....
Click to expand...
Obviously you have very expensive dogs for sale.
Do you train them yourself, before you sell them?
Or do they know to go down by themselves?
 
Debris removing from Anguran mine takes 5 yrs

Saturday, December 09, 2006 - ©2005 IranMania.com

LONDON, December 9 (IranMania) - Removal of the debris of the landslide in Anguran zinc mine will lead to the closure of the nation’s largest zinc mine for up to four or five years, an expert said, MNA reported.

The landslide in Anguran zinc mine has faced the largest zinc mine project in the whole Middle East with the threat of shutting down for a period of between four and five years, the official said on condition of anonymity. He added that, however, the mine developers maintain that the mine is not facing a serious threat.

Removing the debris from the mine by a private sector contractor could be carried out simultaneously in four fronts. This would result in the completion of the job in 10 to 15 months, the Persian service of ISNA news agency quoted the official as saying on Friday.

However, he added, since the project has been offered to a state contractor, completion of the job is expected to take about five years.

Development operations on the nation’s largest zinc mine has been scheduled to kick off in Zanjan, 300 km west of Tehran, in December. The project is expected to become operational in three years, managing director of Iran Zinc Mines Development Company (IZMDC) had earlier said.

If fully operational, production from Anguran zinc mine would hit 280,000 tons per annum.
 
Two ASX ANN today

Zinifex and Umicore seek to create the world’s leading producer of zinc metal Umicore and Zinifex today announced that they had signed a Memorandum of Understanding (MOU) with the objective of combining their respective zinc smelting and alloying businesses. The combination of these businesses would lead to the creation of the world’s pre-eminent zinc metal producer with operations on four continents.

It is the intention of Umicore and Zinifex that the new company would operate as an independent entity from its inception with its own Board of Directors and Executive Committee. The jointly owned company would be incorporated in Belgium, have its global headquarters in London and have regional support centres in Melbourne (Australia) and Balen (Belgium). Executive management will be drawn jointly from the two companies. Paul Fowler, currently Chief Operating Officer at Zinifex, is Chief Executive Officer elect and Heinz Eigner, currently Controller of the Zinc Specialties business group at Umicore, is Chief Financial Officer elect.

8:30 AM Zinifex & Umicore Investor Presentation
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00677175

8:30 AM Zinifex & Umicore to Create World's Leading Producer of Zinc
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00677174
 
This announcement looks the goods, now they can focus on the far more profitable mining side of the business, while ditching their smelting assets in a strong market. I'm thinking some leakage of this news last night is what pushed ZFX up so strongly yesterday.
 
Yep indeed it sounds very good to me too. I think it bounced back on the MACD yesterday not because of leakage
 
$19.40 potential short-term top (100% of wave .iii--wave .v can't exceed this as it'll then be the shortest).

Larger picture, may be ending wave 3 of (5).
 

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Thanks Swingstar, very interesting indeed.

Ahh wouldn't it be grand to be able to have some idea as to what Zinc prices might do tonight
 
ZFX is a monster, shut for a few unexpected days at one of their concerns, with a mere 30 million in lost revenue , theyve gotta be one of the biggest 'License to print Money' outfits going around!.
 
Yeah, and still on a PE of about 8... Only bought in on Friday and up 7.5% already inspite of the Century Mine problem, which only lasted 30 mins or so before the buyers scrambled back..
 
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