ZFX zinifex limited

what am i missing

  1. gottalove
    19,198 Posts.
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    22/06/08
    13:28
    Post #: 3892084
    Excuse my ignorance guys.
    I am relatively new to ZFX and aware of the upcoming merger.
    On Friday, ZFX was trading at 8.20 whilst OXR was trading at 2.55. Now I know its been a few years since I was at school but isnt 8.20 divided by 3 equal 2.73?
    Why would anyone have faffed aroud with buying ZFX shares when they could have simply "cut to the chase" and paid almost 20c per share less?
    ZFX Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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