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$7.21 champion iron limited

China.

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Risa

650 Posts.

66

06/12/22

18:41

Post #: 65182013
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Originally posted by Greatone: ↑

Green steel particularly DR grade iron ore made using renewable energy is the future. Everybody in the iron ore industry is talking about it. And Champion has a much more viable pathway to DR grade production in large tonnes that any of BHP, FMG or Rio Tinto. I dont think a complex operation like this would fit inside BHP but i reckon CIA is an ideal fit in Rio or FMG.
Rio already owns the Iron Ore Company of Canada so they are already operating in the region with a similar company. FMG is constantly spruiking its carbon reduction potential making CIA strategically consistent with that.
CIA trades at a PE discount to the Aussie majors whereas I think it should trade at a premium because of its attraction as a takeover target. This is just one of the reasons I think CIA is attractive.

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CIA Price at posting: $6.91 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $7.21		Change -0.030(0.41%)		Mkt cap ! $3.737B

Open	High	Low	Value	Volume
$7.32	$7.32	$7.14	$4.202M	582.0K

Buyers (Bids)

No.	Vol.	Price($)
13	1477	$7.21

Sellers (Offers)

Price($)	Vol.	No.
$7.22	2540	12

View Market Depth

No.	Vol.	Price($)
17	4123	7.200
10	3395	7.190
14	35013	7.180
10	2964	7.170
7	4200	7.160

Price($)	Vol.	No.
7.220	5383	36
7.230	12058	15
7.240	6565	11
7.250	30020	15
7.260	1976	7

Last trade - 15.51pm 16/05/2024 (20 minute delay)


Last $7.20			Change -0.030 ( 0.96 %)
Open	High		Low	Volume
$7.28	$7.28		$7.15	103682
Last updated 15.59pm 16/05/2024 ?

CIA (ASX) Chart