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.

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Champion Iron Ord Shs > No news good news.....

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Comment by OuijaFundon Jun 17, 2021 11:43am

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Post# 33404491

RE:RE:RE:No news good news.....

Dividends won't happen too soon because there are other places to spend the cashpile:

- The tax bill was paid in May for something like $195 million.
- Phase 2 costs, ~ $200 million out of current cashpile plus more cash from current quarter or Credit Facility
- After August 19th 2021 can pay off $185 million Preferred Shares to improve financing costs. This was spoken about on last quarterly call Q&A, I'm not certain it will happen but it may (should).

So dividends, though spoken about by executives, must be farther down the line because there's a bunch of places for the record revenue to go right now to build the company.

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