ZFX zinifex limited

be bloody carefull

  1. 10,235 Posts.
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    A friend of mine has had a few big plays in this stock so I have been following somewhat.

    I know everyone who owns this stock will argue with me that it is different this time re China & India. But Zincs rise will not last. Just the same as copper's rise hasn't.

    Spot zinc is very vunlerable right now breaking under $2 and not been able to regain it.

    I personally felt that Zinc should have run futher before running into trouble.

    However, if I owned ZFX I would be bailing today until Zinc finds a solid footing again.

    Note ZFX has been getting very choppy lately with sharper declines.

    Selling pressure is increasing.
 
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Currently unlisted public company.

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