Something's UpCIA's SP has not overshot it's fundamentals, let alone its trajectory out to mid-22. Geez, it's got a dollar in cash per share with 25% of Phase 2 paid for. The iron ore market remains robust nearly 5/6 of the way through the quarter. Even if the Iron Ore price fell dramatically at this point, CIA would have the cash and more to complete Phase 2. 66% FE is harder than ever to come by, Brazil's a mess, Simandou is a nothingburger for at least a decade. The jurisdiction risk is nil. Shipping prices are up, so what? The SP is being moved sideways/down to what purpose? Acummulation? A takeover bid? Have to be at least $12 to considered, and even then only if O'Keeffe wants to cash out and find his next toy.