re: chart of zinc gann Gann
If you have no appetite for risk or have a large amount of money where small returns per share keep you happy then I would agree. Shares with a PE of 30 or 40 are i'm sure great for that.Your saying don't buy any share where there is no risk?
I on occasion buy shares that have no current pe.
Sure there is a very small chance that zinc could fall 30% in 1 day. What's the end result for this "worst case scenario"? ZFX still making heaps of cash. Anything can happen in the market but can I find any possible reason for zinc to fall 30% in 1 day - no.
The fundamentals of zinc and nickel are the best of the base metals (zinc is a laggard in the cycle).
If not really sure what point you are trying to make - buy only safe shares on a pe of 30 or 40 because they have less risk, or that there are better mining shares than ZFX out there? If it's the latter i'm more than happy to discuss the pro's and cons.
Mookie.
ZFX
zinifex limited
