RE:RE:RE:The ask @ $1.23 to $1.25EricQC wrote: If making money on the stock market was easy, everyone would be rich. This is not a casino where hopes of getting rich overnight will materialize.
Volumes on CIA remains very low and depth per $0.01 minimal which causes strong fluctuations in any direction whether it moves closer to Intrinsic value or not.
Anyone holding shares of a company with such market dynamics has to show extreme patience, be willing to embrace the short-term volatility and see this as an opportunity to add to their position when the share price drops to a point that they consider creates a comfortable margin of safety.
The long-term value of CIA is coming from its large holdings of high grade iron ore. QIO's Bloom Lake is the beginning and how the company will finance the operations of CFLN. Building the railway with partners will be the first step and could be possible in 2-4 years.
As the company expands, it will be more and more considered as an acquisition target. Glencore would be a natural fit given their ownership interest in QIO but ArcellorMittal should not be ruled out.
I fully agree. I have two positions. One short, one long, and the short grows the long.....