3SOF

EuroZinc Announces Closing of Secondary Distribution
Tuesday February 14, 1:58 pm ET
http://biz.yahoo.com/bw/060214/20060214006184.html?.v=1

VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 14, 2006--EuroZinc Mining Corporation ("EuroZinc") (TSX:EZM - News; AMEX:EZM - News) announced today that further to its news release of January 25, 2006, Resource Capital Fund L.P. and Resource Capital Fund II L.P. have sold an aggregate of 71,430,000 common shares of EuroZinc at a price of $1.40 per share for gross proceeds before expenses and underwriting fees of $100,002,000. The shares were sold to an underwriting syndicate and EuroZinc did not receive any proceeds from the sale of these shares. As a result of the secondary distribution by Resource Capital Funds I and II LP, Resource Capital Funds II and III LP together now beneficially own a total of 99,640,533 shares representing 18.32% of the issued and outstanding shares of EuroZinc.

EuroZinc is a Canadian based company engaged in the acquisition, exploration, development and mining of base metal deposits internationally.

The TSX has not reviewed and does not accept responsibility for th e adequacy or the accuracy of this release.

EuroZinc Mining Corporation (TSX:EZM - News; AMEX:EZM - News)

Quote from: stocky on February 13, 2006, 10:50:16 PM
CUP, Peru Copper is a copper related stock. I dont know much about the stock.

Another is PCU. Souther Copper Co. This one is a fast growing co. with PEG of 0.47.

David can make best analysis. Looking forward to that.

Both charts of those stocks look great stocky, I'll take a deeper look when I have the chance, thanks 

I hope you guys are feeling better on EZM. A few remarks:

1) That secondary offer was known since the 26th of January. At that date EZM closed at $1.31, so almost no change since then. It's not relevant news at this point.
2) Terlisa's chart and Fibonacci talk is wrong, he doesn't have the compleat chart. On my chart the stock is above the 50% retracement (strange charts on EZM)
3) The stock broke TL2, but now we have the 50 day moving average acting as support.

Overall I'm losing 8.45% on this position, but I'm still confident. I understand that EZM's stock price doubled in the past 4 months and a pullback is normal behaviour. Although the stock was overbought when I bought it we never know if there was to be a correction then or 100% above, where the stock would be even more overbought.

The copper price is coming back after a correction and probably copper related stocks will also come back and make new highs. This trend on copper related stocks is just starting and the potential is huge, so volatility and risk is also high.

I'll continue holding EZM.

Yesterday, copper futures opened with a gap down, right at the 50 day moving average, and then claw back up all day, closing an opened gap and leaving a white marubozu on the chart.

The short term decline in copper seems to be over or near the end, and I feel the long term trend will continue. It may continue for more 10 years, nobody knows, but by judging from the level of public participation, the bull market in commodities is still in its early stages.

EZM stock is reacting to changes in the copper market, but if we think of it just as a normal stock, it has an earnings multiple of about 5.5 and earnings growth forecasts are for 31% a year.

Technically the stock is near its 50 day moving average (as the copper price) and it will probably rebound and make new highs, as its long term ascending trend continues.

EZM holders got a gift today with the gap up. IMO David should be booking the small gain. 9 times out of 10 this kind of gap will fill. Why not sell today and buy back later for 10-15% cheaper? 

Quote from: Lucas Scott on February 21, 2006, 01:29:47 PM
EZM holders got a gift today with the gap up. IMO David should be booking the small gain. 9 times out of 10 this kind of gap will fill. Why not sell today and buy back later for 10-15% cheaper? 

Thanks for your opinion Lucas Scott, you're probably right (although to close the gap EZM needs to go down just 6.8%, not 10-15%).

But, it is also possible that, due to an extreme undervaluation, EZM blows out the $1.58 top and just continues to trend higher. You see, people who bought today also knew we had a big gap up at the open ... that might be a signal of strength, investors were eager to buy.

I always said that EZM had a correction, not a change in trend. And if a sell off couldn't change the trend, that trend will continue.

If I sell now to buy 7% lower, but the stock just continues to move higher as I always expected, where would I be in the market? Totally lost. I want to stay on track and continue holding EZM.

just FYI:
EZM: Short Interest UP 2988.9% to 555.7K in Feb 2006
Wednesday, February 22, 2006 16:15 ET

According to new short interest data from AMEX, short interest for Eurozinc Mining Corporation (AMEX: EZM) INCREASED 2988.9% to 555,700 shares for the month ended mid-February, 2006.

SYMBOL      JANUARY        FEBRUARY          CHANGE       %CHANGE  DAYS/COVER
--------   -------------   -------------   -------------  ------------  ----------
EZM               17,990         555,700        +537,710     +2988.94%           1

Based on EZM's 20-day average daily share volume of 1,036,920, it would require approximately 1 day(s) of buying to cover this short interest.

Quote from: la-onda on February 23, 2006, 05:56:22 AM
just FYI:
EZM: Short Interest UP 2988.9% to 555.7K in Feb 2006
Wednesday, February 22, 2006 16:15 ET

According to new short interest data from AMEX, short interest for Eurozinc Mining Corporation (AMEX: EZM) INCREASED 2988.9% to 555,700 shares for the month ended mid-February, 2006.

SYMBOL      JANUARY        FEBRUARY          CHANGE       %CHANGE  DAYS/COVER
--------   -------------   -------------   -------------  ------------  ----------
EZM               17,990         555,700        +537,710     +2988.94%           1

Based on EZM's 20-day average daily share volume of 1,036,920, it would require approximately 1 day(s) of buying to cover this short interest.

Thanks for the information la-onda 

I'm not so optimistic regarding rising short interest as I used to be. In the futures market, the more shorts (in terms of number of traders), the more bullish is the market. But in stocks I believe it doesn't work that way. Has anybody ever read a study on how the short interest affects stock prices?

I didn't, so I can't use the information. How do you use it la-onda? Thanks 

EZM yesterday released good news, but I don't know enough about mining to interpret it in detail. Anyway, it surely is good news that the mining camp has been extended:

EuroZinc Mining Corporation: Surface Drilling Extends Western Limit of the Neves Orebody

Technically the stock came down 3% after the previous day's 8% rise. Still didn't manage to close the gap, but probably Lucas Scott is right on his «close the gap» call. Anyway, I don't want to lose my position, so I'll continue holding EZM either way.

Quote from: Lucas Scott on February 21, 2006, 01:29:47 PM
EZM holders got a gift today with the gap up. IMO David should be booking the small gain. 9 times out of 10 this kind of gap will fill. Why not sell today and buy back later for 10-15% cheaper? 

What can I say? Lucas Scott is the man ! He not only won the 1st Edition of our Stock Picking Contest, he also makes precise short term predictions 

But I couldn't sell to buy a bit lower. No such a short term trader here or I would have to make dozens of trades per month.

Anyway, EZM came down to exactly close the gap and rebounded to close positive and at the high of the day. The way is clear for another leg up now.

I'll continue holding EZM.

EZM will report earnings on Thursday before the open: EuroZinc to Hold Fourth Quarter Results Conference Call

This will be interesting, as copper prices were up a lot over the 4th quarter. Perhaphs the earnings release will be the catalyst to push EZM to new highs above $1.58.

I'll continue holding EZM through earnings.

We had news: EuroZinc Mining Corporation: Agreement Reached on Aljustrel Mine Obligations

«PA is the operating company that owns the Aljustrel zinc/lead/silver mine located in southern Portugal, and is now a wholly owned subsidiary of EuroZinc as a result of the Share Purchase Agreement.»

Subsequent to this, EZM will not only be a copper producer, it will also be a zinc, lead and silver producer. I'm sure the Portuguese Government won't oppose to this, since it will create jobs in a very depressed region of our country.

I'll continue holding EZM.

EZM did a good job today! maybe tomorrow again

EZM looks good too on the weekly chart
Go, Go EZM!! Go break that $1.58

He he, yes Terlisa, nice job on EZM yesterday. The stock shows relative strength. Copper prices reacted favourably to support.

Everything is set for EZM to break $1.58 on the upside, it is just a matter of time.

I'll continue holding EZM on the Stocks on Fire Portfolio (the reason I like TGB a bit more to consider as a long term investment is because TGB has a $191M market cap and EZM has $784M, so EZM is already 4 times larger than TGB).

QuoteEverything is set for EZM to break $1.58 on the upside, it is just a matter of time.

The stock closed at $1.56 yesterday. If we get a close above $1.58 on volume above average, we get a technical target of $1.58 - $1.19 = $0.39+$1.58 = $1.97.

Copper prices also rallied yesterday and will probably make new highs above $230 soon.

Perhaps EZM is also being «upgraded», because in the future it won't be just a copper mine, it will also be (if everything goes as planned) a zinc, lead and silver producer, and this group of stocks has a much richer valuation 

I'll continue holding EZM.

 
EuroZinc Announces Record Fiscal 2005 and Fourth Quarter Results
Thursday March 2, 9:00 am ET


VANCOUVER, British Columbia--(BUSINESS WIRE)--March 2, 2006--EuroZinc Mining Corporation (TSX:EZM - News; AMEX:EZM - News) -
All dollar amounts are expressed in US dollars unless otherwise noted

EuroZinc Mining Corporation ("EuroZinc" or "the Company") today announced financial results for the fourth quarter and year ending December 31, 2005. Colin K. Benner, Vice Chairman and CEO of EuroZinc commented that, "The investment in Neves-Corvo has been significant for EuroZinc. In the 18 months the Company has owned the Neves-Corvo mine we have repaid almost the entire amount of the acquisition debt, all monies borrowed to acquire the price participation rights and are now accumulating cash. The mine operated in 2005 at production levels beyond what was believed achievable in our due diligence. The operating costs in the mine have remained constant despite inflationary pressures, and the robust copper price has made an extraordinary contribution to our balance sheet, as it has to others in the copper business. The timeliness of the acquisition of Neves-Corvo and the quality of the asset has exceeded the expectations of many. We believe the continued strong copper market, and the addition of zinc production in the near term in a strong zinc market bodes well for the future of the Company and for its shareholders."

Highlights for 2005 and Fourth Quarter

- Achieved record revenue of $314.9 million on sales of 203.7 million pounds of copper for the year and $97.5 million on sales of 48.1 million pounds for the fourth quarter;

- Achieved record net earnings of $88.3 million or US$0.17 (Cdn$0.20) per share for the year and $27.8 million or US$0.05 (Cdn$0.06) for the fourth quarter;

- Generated cash flow from operations, before working capital changes, of $131.4 million or US$0.25 (Cdn$0.30) per share for the year and US$0.09 (Cdn$0.10) for the fourth quarter;

- Initiated an aggressive $10 million exploration program in Portugal;

- Repaid $86.3 million of debt in 2005;

- Strengthened the balance sheet by reducing the net debt to equity ratio to 7% at the 2005 year end from 73% at the beginning of the year;

- Purchased the balance of the vendors' price participation rights in 2005 and repaid the related loan in eight months;

- Listed on the American Stock Exchange.

"We are both pleased and proud of our first full year of work as a new team in Portugal and in EuroZinc," said Joao Carrelo, Managing Director of Somincor, EuroZinc's wholly owned subsidiary that owns the Neves-Corvo mine. Mr. Carrelo added, "This was our first full year as a mine operating entity in Portugal, managing Europe's second largest copper mine. The management and employees of Neves-Corvo achieved a 14 percent improvement, year over year, in tonnes mined and an 8 percent improvement in tonnes milled, and did so with no additional manpower, equipment or change in the working schedules."

EZM made a breakout