Anyone buying shares....right now

[GreatPig]

Where's that "When will the all-ords hit 4000" thread now...

GP

 

[JIT]

[cough]...index funds...[cough]

 

[BV]

hmmm I bought 300 ZFX @$9.60.

And $9.60 sounds like a good price but we should remember that
metals had a great ride so far and this cannot last forever.

Soon metal prices will be on the way down so profitability and dividents can change
and share prices can drop.

 

[rossv]

you might have all missed it, but buying put options last week was a real winner......

still a little more to come though i suspect


rossv

 

[Sunfish]

And $9.60 sounds like a good price

Sure does for a stock paying $1.40 div. Wish as hard as you like but neither nickel nor oil prices are going back from whence they came.

I'm not guaranteeing there can't be a 50% retrace (who could?) but even that level is higher than it was just a couple of years ago. A quality mine will make quality profits until the ore runs out. OK that's a problem with ZFX but with cashflow there are always cash-strapped juniors with proven reserves willing to enter JVs. There must be a little trust.

 

[DaveJ]

Sure does for a stock paying $1.40 div. Wish as hard as you like but neither nickel nor oil prices are going back from whence they came.

ZFX hasn't confirmed they will continue the .70c dividends... Will have to wait until late Feb when the provide guidance.

There may be a capital return though if they can't spend their $2Bn cash!