Hi all,
I think it's worth a buy. The main risk is it might fall further in the short term and you could get it for less; I agree with the diagnosis that the market most likely is on drugs.
I bought in at $10.20 a few weeks back. Hindsight says I could have timed my entry better but I still like the merged company's prospects.
- Third largest diversified miner on the ASX after BHP and RIO.
- Combined know-how, talent and operations of the two groups.
- Combined growth pipeline and cash to develop it.
- Greater diversification of base metals across the two groups.
Provided we are not headed for a full-on recession and China doesn't fall over the merged company should do fairly well imo.
ZFX
zinifex limited
