CIA 1.60% $5.73 champion iron limited

Bought more yesterday. I could not resist. High insider and...

  1. 32 Posts.
    Bought more yesterday. I could not resist. High insider and institutional ownership around 38%. Maybe a US investor is selling due to US political risks. Fundamentals seem tremendous. My target is $2 billion market cap based on cash flow projection x reasonable multiple so 3 to 4 bagger. Upside for phase 2 will come into play when CIA can increase borrow by $100M to fund engineering and long leads. Look for a $300M placement to occur if the SP goes to $3.00/sh. Once ph 2 is up then SP of $5.00/sh seems reasonable for an exit strategy. Let's see if it all works out. I can envision better and worse scenarios so that is my p50 investor case with a 2 to 3 year time frame.
 
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Last
$5.73
Change
0.090(1.60%)
Mkt cap ! $2.994B
Open High Low Value Volume
$5.60 $5.73 $5.59 $4.674M 821.6K

Buyers (Bids)

No. Vol. Price($)
2 5268 $5.72
 

Sellers (Offers)

Price($) Vol. No.
$5.74 37877 4
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Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
CIA (ASX) Chart
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