CIA 1.63% $6.54 champion iron limited

Yes great to hear his confidence in the company is expressed in...

  1. 3,598 Posts.
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    Yes great to hear his confidence in the company is expressed in his continued buying.

    Producing ultra high grade/ low impurity grade iron ore, and now with Bloom Lake Phase 2 operational significantly increasing production there is a lot to like about this company.

    At the moment in the open market we are holding up better than many of our peers considering that many steel mills in China have been forced to shut down due to power restrictions in the summer heat wave.

    China hasn't performed fo expectations but it is still growing despite the silly COVID zero policy that should be abandoned or at least reformed once Xi Jinping is officially crowned supreme leader for a 3rd time equaling Mao Zedongs reign.

    That said they are throwing the kitchen sink at the economy now with the money taps turned on and flowing. I hear that they might even cut rates next week.
    Last edited by zendiceman: 18/08/22
 
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