Champion Iron Ord Shs T.CIA

Allez creusons...

[Sawasdeekrab]

Apres tout, on a investi dans une mine donc on creuse.... On pensait trouver de l'or mais en fait on ne trouve rien... Je pensais qu'avec toutes ces bonnes nouvelles, meme le fait d'avoir trouve un accord pour un nouveau contrat, des prix du fer qui explosent, une phase 2 en bonne voix et enfin des rsultats au dela des esperances, avec une action qui devrait etre apparemment a au dessus de 10$.... eh bien non les amis on reste a 6 et en plus avec encore une petite perte aujourd'hui... a ne rien y comprendre, mais en fait oui on peut le comprendre on parle d'une mine ici donc on creuse...

[OuijaFund]

In the short term, the share price could move +/- 10%, everyone should know what they will do when it happens. The spot price for P65 today was $255, you know that means Champion is having an incredible 1st quarter that will pay for a lot of things. Negative catalyst:  Spot IO price takes a dive Positive catalysts: - 1st Q Earnings announce July 29 - Phase 2 progress report - Pay off

[Sawasdeekrab]

I agree with you Ouijafund but look at the share price since the end of April after they announced that the results were over their expectations. It should be a boost for the investors but unfortunatly not. So yes I agree with the arguments you brought but at the end, but I can't find any explainations regarding the drop since the last reports.

[OuijaFund]

Australia seems to mess up the share price at night :) I saw this opinion article from an Australian commentator Australian government: Bowel-shaking iron ore crash imminent and this is the kind of fear-sentiment that is keeping Champion's share price down even though P65 is at $250. Champion at $6 is a bargain.  Below that it is 'clearance rack'.  There's too much

[PROINVESTALOT]

Dividend will be the key. You do not invest on long term on ressources stocks since prices are so volatile and so sp if you are not rewarded with dividend when things are doing perfect. I think this is the mood with this stock now. Very soon, CIA managers will have to seriously think about it as soon as phase 2 fully capitalized and company debt free. Otherwise, CIA might be stuck at actual levels

[Sawasdeekrab]

Totally agree with you Pro. Without dividend, share holders start to play with the stock. Sale at high price and buy back at lower but with the dividend, I think it stabalized a bit the market and even makes it attractive and the consequence can be an increasement of the stock at its real value. Anyway we will see apparently by the end of the year in which direction the company wants to go.

[PROINVESTALOT]

I may be wrong but I think their unofficial agenda is to be buy out by a major of the industry. Better to get capital gain than dividend ... I really this is what is going to happen. O'keeffe is not a young boy anymore (over 66) and will want to cash in before the end.

[domjoy80]

Hello Pro, how do you explain that there hasn't already been an offer for a major? At 4 billion ($ 8 / share), that would be an incredible bargain for a major. As an investor, I can't wait to see what happens next ...

[PROINVESTALOT]

I think it will be an offer sooner than later. But with merely 50% of shares owned by insiders and institutionals, I think it will be all set up with them before announced. Just a question of time for me.

[Captgo01]

In agreement with you.  We've been talking about a possible sale for a while.  But with all the assets the company currently has ex: cash in hand, phase 2 almost complete, the Kami project, and all the other properties, I believe the shear is worth around $ 10.00.  What do you think? 

[WindsorGuy]

$10.00 is the minimum IMHO. They already have a pile of cash and great assets as you said. GL

[PROINVESTALOT]

Reming Cliff paid nearly 5 billions us$ for Consolidated Thompson assets in 2011-2012... It would mean roughly 12 $cdn today... With all adds since that I would say a 12-15$ cdn $ range would make sense. Lets wait and see.

[domjoy80]

Agree with you !!!

[Captgo01]

At this price I'm a seller, GTLA

[domjoy80]

Good point Pro, I would like to know how much O'Keeffe is willing to sell. It's probably over 5 billion ($ 10 / share) I say it like that, Fortescue makes more than 5 billion in net profit in a single year ...

[dmacd]

Offer would have to carry a premium since as you say it needs to be supported by key shareholders. CIA is fortunate as are shareholders since the expansion will be clear of debt. That alone should be enough for funds to start buying more shares. The perpetual discount days are hopefully coming to a close. Been here since $1.30/sh. Loads of value and good fortune since then. Reward time!! Retain

[WindsorGuy]

I totally agree. Not given any credit for CDN operations which are very strong. Iron ore prices have remained strong. Just yesterdaqy TD analyst put a price target of $8.00. mI've been accumulating below $6.00. GLTA.