I'm out completely as of now of ZFX
Been a fantastic run from an average buy in of $4.11
However I think we now will see depressed zinc prices as supply comes online, Apex's San Cristobal just started shipping, etc.
Looks like Chris Lynch is going to Toll so ZFX is having issues placing a CEO
Nystar float proceeds are now said to be at the upper range of their estimate, and they have apparently got away all the stock they wanted to sell but this is still lower than original estimates.
The company is cashed up but I would have liked to have seen definitive action prior to now, was my favourite stock last year.
Will be watching with anticipation and probably start day trading the stock rather than buy & hold
I have doubts about ZFX for now recovering after the dividend and further global volatility i think has potential to smash the stock until they get their act together
Look forward to the future but for now I'm out
For the best exposure to zinc, nothing beats TZN in my books at this point in time.
ZFX
zinifex limited
