I sold at $13.05...I might end up regretting this.
Moved $ into New Hope Corp (NHC) (coal miner) at $1.445...it goes ex a 7c f/f'ed dividend on Tuesday 24/10.
Similar (slightly smaller) dividend yield than Zinifex...NHC's price could ramp up to ex-dividend date similar to ZFX.
My concern with ZFX is that too many short term traders are in it...making the price volatile. Slightest negative news (like a short negative spike down in zinc price) and ZFX could drop quickly.
Looing ok at the moment though...zinc up a bit and lead price up quite a lot.
Good luck on Monday.
Ajax
ZFX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
