Zinifex (ZFX) Share Plunge

Submitted by Craig Strzelecki on 18 January, 2006 - 19:10

"Shares in Zinifex (ZFX) have plunged by over 10% in morning trading after the zinc miner disclosed that the mine plan for Century is under review and that cost increases are inevitable. The following note provides a brief overview of Macquarie Research Equities’ (MRE) initial thoughts on the announcement."

Had a look at the chart... Such a nice graph... At July 2005 it was $3 and was fetching $8.22 yesterday before the drop.