I think ZFX will come back. It is too good a company. And zinc prices will rebound. But I fear there will be more pain yet. I bailed yesterday at $16.04. seems like a good price now. So glad I did. But I will be back soon.
I lost a lot of money on BDG and learnt a valuable lesson. Before I lost it I was way in front with BDG. Fear, denial and a couple of other ugly states of mind made me freeze and not sell until it was too late. My advice is get out for now, cut your losses and make them up later by coming in at a lower level.
Here is an extract from todays miningnews.net. It makes for unpleasant reading for holders
However, there could be more bad news for the miner with broker firm Merrill Lynch forecasting Zinifex's shares to fall even further if the zinc price stays at current levels.
"The share price isn't yet reflecting the zinc price fall and may be headed down to between $13.50 and $14.50," Merrill Lynch told Dow Jones Newswires.
Just imagine what could happen if it does drop to 1.20/lb
ZFX
zinifex limited
