Champion Iron Ord Shs T.CIA

Alternate Symbol(s): CIAFF

Steel Steel

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

Champion Iron Ord Shs > Volatile price lately

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Post by OuijaFundon Mar 17, 2021 4:48pm

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Post# 32819186

Volatile price lately

Friday was a big day, spike to $6.21 and 1.6 million shares traded. Today at 11:35am, I saw a single trade of 231,200 shares at $5.66 (TD broker to TD broker) and then the price fell to today's low of $5.56.

Which vision is correct, CIA over $6.00 or heading below $5.50? My view is that Q3 showed that Champion can produce $0.25 EPS quarterly with P65 at US $175/ton and that this supports share price above $6. Today's fall as low as $5.56 seems an unwarranted overreaction.

I bought 5k shares today because I think we're heading back up.

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