Champion Iron Ord Shs T.CIA

From Scotia this Morning

[savyinvestor333]

Preferred equity exposure. In our view, CIA-T, ERO-T, FCX-N, FM-T, and TECK.B-T all appear fairly well positioned heading into the Q2 reporting season.

[savyinvestor333]

Champion Iron – July 28 After Market Close Champion will release its Q1/F22 operating and financial results on Wednesday, July 28, after market close. For Q1/F22, we forecast iron ore concentrate sales of 1.80mt, down from 1.97mt in Q4/F21, due to scheduled maintenance. We forecast higher cash costs of $46/t vs. $43/t in Q4/F21. We forecast EPS of C$0.36, slightly below consensus of C$0.37, but

[Tothemoon2]

Why do they think the iron ore concentrate sales will be so low?  I thought scheduled maint was only a couple days. 

[OuijaFund]

Because last year CIA sold 1.759 million tonnes in Q1.  But the year before that, 1.9 mt was sold in Q1, so this year's Q1 Scotiabank estimate is quite conservative = possible beat!

[Captgo01]

Hi Savy, can you tell me how many outstanding preferred shares can be bought by the company? 

[savyinvestor333]

CHAMPION IRON COMPLETES REFINANCING AND ACQUISITION OF 100% OF BLOOM LAKE         MONTREAL, Aug. 16, 2019 /CNW Telbec/ - Champion Iron Limited (TSX: CIA) (ASX: CIA) ("Champion" or the "Company") is pleased to announce that its subsidiary Qubec Iron Ore Inc. ("QIO"), operator of

[savyinvestor333]

So it looks like they can redeem all $185 million on the Anniversary if they wanted too. They are paying over 9% interest so I'm sure they would like to knock that down.

[PROINVESTALOT]

It will be redeemed for sure in the next months. Company already confirm her intention to do so.

[WindsorGuy]

Caisse de Depot taking a significant binvestment in Champion and reducing interest expense is a great deal. Closed aquisition wnich will double output. Still to soon to sel. Should be a blowout quater with near record prices for Iron ore. I'm not selling any. GLTA 

[dmacd]

Might finally be time to sell. A good price would be $10/sh. Let someone else take the risk from here? Prices are perhaps peaked. Management has been flawless so far so they have my support at any rate.