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Champion Iron Ord Shs T.CIA

Alternate Symbol(s):  CIAFF

Champion Iron Limited is an Australia-based iron ore exploration and development company. The Company, through its wholly owned subsidiary, Quebec Iron Ore Inc., owns and operates the Bloom Lake Mining Complex, located on the south end of the Labrador Trough, approximately 13 kilometers (km) north of Fermont, Quebec. Bloom Lake is an open-pit operation with two concentrators that primarily source energy from renewable hydroelectric power. The Company ships iron ore concentrate from Bloom Lake by rail, to a ship loading port in Sept-lles, Quebec, and has sold its iron ore concentrate to customers globally, including in China, Japan, the Middle East, Europe, South Korea, India and Canada. In addition to Bloom Lake, Champion owns a portfolio of exploration and development projects in the Labrador Trough, including the Kamistiatusset Project, located a few km south-east of Bloom Lake, and the Cluster II portfolio of properties, located within 60 km south of Bloom Lake.


TSX:CIA - Post by User

Bullboard Posts
Post by justmyviewon Jun 12, 2020 9:13am
333 Views
Post# 31142515

CIA on its way down

CIA on its way down
When the economy is in a bad situation and with it jobs and people, one should invest! That is the theory that sounds reasonable. From the big investors we seem to be learning at the moment that for some reason it is better not to invest, not to buy stocks, because it will go even further downhill! Since this is supposed to continue for at least months, nobody should invest money. Closing the stock markets would not make much sense, because it seems that the big investors with their back and forth sales of 100ter packages apparently want to document the downward trend and with it how bad the companies are doing. One can trust that things will only start to improve when the big investors show us the way up. Unfortunately, that may take a long time. Maybe next year it will be better.
Bullboard Posts