ZFX zinifex limited

zinc price on medium term, page-4

  1. 6,284 Posts.
    ZFX 9DOLLARS BY JUNE 30? It looks and feels that way to me. If u google alert ZINC PRICE FALL. Then read the one a couple of days old entitled ...CHINESE MINING MONOPOLY IN AFRICA,, you might get a different perspective on the old axiom wotgoesupmustcumdown.. Or more to the point, that which is over extended must sooner or later find find a real floor ,and as you all know once u put energy in the pendulum it tends to swing these things always over correct but with massive reserve in africa due to come on line soon ,dont expect these ridiculous spot prices to return ever. 2002 when zinc was slightly under valued at 880 to 1100/ ton [memory] it caused pasminco,, the second biggest producer to shut up shop which started the stockpile pendulum swinging . IT BECAME AT THAT POINT ,,VOLATILE.In june 2003 after some rather forward thinking due dilligence,, I became a top 20 share holder in what is now called cbh .I had rather conservatively factored in with the info and history of the time that 1900 to 2300 would be PEAK ZINC and the chinese wouldn't stomach that for long... Given there 5yr plan policy on EVERYTING,,I gave myself a <5yr window I told anyone that would listen that by mid 2007 cba would be a 45c stock .4500 was not in my factoring and it made me nervious in a smily sort of a way. I then contacted the group of people who had listened to me in the first place nov 06 and expressed my concerns.. IN A NUT SHELL we are all holding as of monday after an orderly 5 week dunkirk style retreat,,15% of our initial holding.
 
watchlist Created with Sketch. Add ZFX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.