The vagaries of the stock market are often unfathomable. In this case, it is indeed beyond anything obvious as:
1. CIA use hydro electric energy and is not hostsge to the oil price
2. the current iron ore price is generating massive margins and cashflow.I anticipate an announcement next month (in April) of an increase dividend payment. Also, significant cash reserves to finance growth opportunities.
Of course, we all want the stock to be fairly priced ($9+) by the market, but rest assured it will get there eventually.
In the meantime, take comfort in the fact that CIA is making money hand over fist and has a fantastic high quality resource in abundance.
The vagaries of the stock market are often unfathomable. In this...
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Last
$4.21 |
Change
0.010(0.24%) |
Mkt cap ! $2.244B | |||
| Open | High | Low | Value | Volume |
| $4.26 | $4.29 | $4.17 | $7.812M | 1.851M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $4.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.28 | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 11/08/2025 (20 minute delay) ? |
| CIA (ASX) Chart |