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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 Sawasdeekrabon Aug 10, 2020 9:33pm
407 Views
Post# 31390576

Takeover vs poison pill business

Takeover vs poison pill businessI have a question or more a concern of what is going on with CIA. Everything looks green and very green. To restart or reboot the economy, the countries will need a lots of iron which could bring the price of iron at a very high value. The oil right now is not very high so this is good for the production and the transportation etc... I guess the predictions Champion planed their financial were below what is going on now (in a good way). So with all those good indicators, I don't understand why the stock doesn't go higher than 2.90$. It could be a good opportunity for a competitor to make a takeover at lets say 5$ a share. How could Champion react to that? Do the have the little poison pill... In business, every thing is possible and I am sure that there is some sharks who are checking when will be the best time to bite...
Bullboard Posts