With those who study the fundamentals (a bit of an old cliche' now) there is nothing to fear. Those who are hoping for a quick profit, who knows? After all they are gambling...not like us.
I believe the Oxiana Zinifex merger will happen, and holders in both companies will benefit. The combination of synergies, the production combined with acreage, enhanced efficiencies resulting from the merger and the plethora of talent that will exist on the new board...I could go on, I have complete faith. Remember, the share price for the new combined company will change once the merger is complete, and be more representative of the company's worth. In addition to zinc, we will also have exposure to nickel, copper and gold.
We aren't the only one who have paper losses on this stock. The movement downwards can be attributed to the declining zinc price (this risk will be much lower after the merger) and institutional investors, who short their positions, thus adversly effect the daily share price when they decide to sell. But this merger is what long term holders have been waiting for, and in answer to your last question:
Everything will be aye ok!!!
Thoughts from other bloggers would be appreciated.
ZFX Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
