I'm back in at open this morning 5.68 after a long time not holding. Was surprised by yesterday's drop and the tsx cia followed us down last night. 11 cent div soon as sweetener!
Punters didn't like the results but can't seen to understand that CIA has extra costs while it still transitions to 15mtpa.
So output will be another 25% up from current 12mtpa, high grade pellets for EAF green steel to come plus kami pfs on way.
CIA growth story has long way to run and expanded output and still higher %fe product will more than offset any further IO price drop from here.
I've been following CIA since 2017. Market tends to get it wrong on the up and down before it corrects itself. Excellent long term buy at current price IMO.
Ann: FY2023 Appendix 4E and Annual Report, page-5
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Last
$6.43 |
Change
-0.320(4.74%) |
Mkt cap ! $3.331B | |||
| Open | High | Low | Value | Volume |
| $6.56 | $6.61 | $6.43 | $12.12M | 1.865M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 19495 | $6.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.44 | 6600 | 1 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$6.45 |
Change
-0.320 ( 4.55 %) |
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| Open | High | Low | Volume | ||
| $6.55 | $6.60 | $6.44 | 332167 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| CIA (ASX) Chart |