Champion Iron Ord Shs T.CIA

Something's Up

[Marlbank]

CIA'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.

[toro404]

It checks all boxes you mentioned, SP is not behaving on fundamentals. Accumulation at better prices for sell is plausible although the principals don't strike me as sellers at this point.   Another idea could be CIA taking over another company, I have nothing to base this pn,  but FVI.to has been depressed since the ROX GOLD annoucement. Shorties are smarter than to come in

[Curious777]

Let's remember, that what we observe on the TSX is a daily volume of 300/400 k shares out of over 500M shares. That's only noise... i like to see it this way: 499,7 M (99,9%) shares are not for sale and won't be until a year from now, when phase-B   Production begins. That's fundamental... At one point the noise might be in-sync with fundamentals... but it has more to do