platapus and moondogdroppings, page-7

I am disappointed with ZFX.

They have sold an income producing asset and no word yet when they will replace it. They say a capital return will not be considered until later next year so they have time to look for a purchase.

So they should not have sold yet, until they were ready to buy. What if it takes 2 years to buy a replacement mine? We are until then depending on investment income? Have they spelt out the difference in returns between investment income and the operating income?

We could still be earning on the smelter business which has increased revenue during zinc over supply periods due to capacity restraints. But no, we are getting bank interest? I don't now, does anyone?

I sold out after I bought back in ex div soon as it went down. I will not be back in a hurry unless I see something better than "we are window shopping". I do not think it could possibly go any lower but I can't see any reason for it to attract buyers either.

I hope any holders do better than I think though, I am wrong more often than I am right otherwise I would not have to do this anymore, would I.:) So goodluck holders but needed to vent, have been in and out of Zinifex a long time and a bit annoyed with them atm.

Hopefully they get a great CEO.