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 > Andrew McCreath

<< Previous

Bullboard Posts

Next >>

Comment by OuijaFundon Jul 27, 2021 1:48pm

202 Views

Post# 33610965

RE:RE:Andrew McCreath

NCIB share buyback needs to be for 5% to 10% of outstanding shares so 5% of outstanding @$7/share is a $175 million commitment over a year.

I think it is more likely the Preferred Shares get bought back from CDPQ for $185 million after August 19.

I'm not expecting a common share buyback program or a dividend announcement on this Quarterly earnings. Maybe when the company is debt-free and definitely once Phase 2 is producing. Let's see how much the cash-on-hand amounts to after this call.

<< Previous

Bullboard Posts

Next >>

A PGM mining stock with value written all over it