Very confident, very bullish comments from company during conference call
* record production achieved during shutdown quarter
* strong indigenous & community relations (especially, IMO, when compared with companies like Vale in Brazil and Rio Tinto)
* high grade iron ore price is expect to remain elevated going forward with no new high grade material coming on to market
* stable Fe recovery to continue
* strong cashflow supported inaugural dividend. Dividend strategy stressed tested under a number of scenarios. To be reviewed every 6 months but balanced towards growth
* CIA has a mix of backward pricing contracts (Japan) and forward pricing contracts which serves to smooths q-o-q realised price
* Phase 2 production to begin in April and ramp up over 6 months to full commercial production by calendar year end. Accounting will recognise each incremental ton produced from April onwards
* Port work ramp-up going well during challenging COVID times. No bottleneck foreseen for phase 2 production.
* Kami project feasibility study mid-2022 with commercial production targeted of 2025
* 69% Fe DRI pellet feed product is key focus to CIA growth strategy. Huge demand going forward for higher and higher grade enabling 'greener' steel making industry
* 69% DRI FS due mid 2022
- Forums
- ASX - By Stock
- CIA
- Key points from conference call
Key points from conference call
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CIA (ASX) to my watchlist
|
|||||
Last
$6.05 |
Change
-0.220(3.51%) |
Mkt cap ! $3.134B |
Open | High | Low | Value | Volume |
$6.28 | $6.33 | $6.05 | $10.72M | 1.741M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7316 | $6.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.11 | 11983 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7316 | 6.040 |
2 | 20834 | 6.030 |
2 | 12125 | 6.020 |
1 | 7666 | 6.000 |
1 | 500 | 5.960 |
Price($) | Vol. | No. |
---|---|---|
6.110 | 11983 | 4 |
6.120 | 5487 | 1 |
6.130 | 5487 | 1 |
6.140 | 5487 | 1 |
6.160 | 3556 | 1 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
Featured News
CIA (ASX) Chart |