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Champion plans on hiring 400 workers by fall of this year.
http://ici.radio-canada.ca/nouvelle/1023345/champion-prevoit-embaucher-400-travailleurs-dici-automne
He was an employee of the mine, he has no info right now. And for the skilled labor part, the area is mostly only about mines so there are a lot of workers ready to work.
CHPRF This one can't go wrong. Seriously guys, stop playing with dead companies, this mine will reopen and will be profitable. Cliffs bought the mine for 4.9 Billion in 2011, Champion bought it for 40 million in 2014...
http://investorshub.advfn.com/Champion-Iron-Limited-CHPRF-31623/
Seriously guys, they will open the mine. Only question is when...
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/562-tsx/cia/30380-champion-iron-files-bloom-lake-mine-feasibility-study.html
Yes they could, but the money would have to go somewhere. When it's in the company, the price share will reflect. One could sell then
There can be preferred shares but a buyback would buy the pinks too
A coworker worked at the mine until Cliffs closed it in 2014. He's been telling me to buy it since it was 0.06$ CAD, it now sells for 1.04$ CAD. I wish I bought when he told me, but I didn't like the gamble at the time.
Even if they flip it, the takeover would mean our shares would sell aswell, don't you think?
Anybody else is watching closely here? I don't get why no one is talking about this company. Here's how I see it as of now.
In 2011, Cliffs Natural Resources (NYSE:CLF) bought the Bloom Lake Mine in Eastern Canada (Quebec) for some US$4.9 billion. Iron ore prices then dropped like never before (may not be a fact, but it still dropped like crazy) and Cliffs ended up closing it's ''troubled'' canadian operations. In 2015, Champion Iron bought the mine for pennies compared to what it once sold while iron ore prices were better.
http://www.championiron.com/champion-iron/champion-iron-completes-c30-million-financing-and-closes-acquisition-of-the-bloom-lake-mine-and-related-assets/
http://www.mining.com/840654-2/
In February of this year, they completed a feasability study and I can't really see anything negative about it.
http://www.championiron.com/champion-iron/2017/champion-iron-announces-completion-of-bloom-lake-mine-feasibility-study/
On March 16th, 2017 they annonced the acquisition of 735 railcars, which to me sounds like they are getting only closer to restarting the mine, or else why buying those in the first place?
http://www.championiron.com/champion-iron/champion-iron-acquires-735-specialized-iron-ore-railcars-for-bloom-lake-mine/
Considering it being a really big mine, having an expected life of more than 20 years. Having a cost of about 45$ a tonne with prices getting to better levels.
http://www.marketindex.com.au/iron-ore
Anyone else following the stock? I feel like they will annonce anytime now the reopening of the mine...
CIA - I was wondering if any of you were following Champion Iron. The company has lots of renowned investors, backed by the Quebec government. Has a recent feseability study. Bought a Mine that once sold for about 5 billions for a few millions. Management has a great record. Iron is starting to get back up. I will post more on the CIA board but are any of you watching this one?
It's a exchange traded note, my understanding is no equity implied
Since it's a note, like bonds, price goes down as interest rates go up. It is not equity.
Dividend is good but what if your capital lose all its value? I've done some research and here's what I found (correct me if I'm wrong).
They issued for 10 000 000$ in 2012, at a value of 25$ each. They are 200 000 000$ bond expiring in 2042. Which would make them 500$ each in 2042. The problem is I think I saw somewhere that they can issue more if they wanted to. Would they increase the 2042 200m$? The dividend is also very unsure, it depends on the profit which I also don't completely understand. Please add whatever you find.
Hey guys, I'd need some help at this point. I know this is somewhat riskier than a lot of other investments, but if one would keep the investment until maturity (2042), is the big part of that risk UBS to go bankrupt? Can the dividends change dramatically? If interest rates spike, I understand the value of the bonds owned by MORL will decrease, which will decrease the value of MORL, but why would someone care if MORL is owned until maturity?
If it is owned for a long term, how can the dividend change over time? And the last question, since it has a maturity, it should also have a "par" price. Anyone knows that unit price for 2042?
Hey guys, I'd need some help at this point. I know this is somewhat riskier than a lot of other investments, but if one would keep the investment until maturity (2042), is the big part of that risk UBS to go bankrupt? Can the dividends change dramatically? If interest rates spike, I understand the value of the bonds owned by MORL will decrease, which will decrease the value of MORL, but why would someone care if MORL is owned until maturity?
If it is owned for a long term, how can the dividend change over time? And the last question, since it has a maturity, it should also have a "par" price. Anyone knows that unit price for 2042?
Hey guys, I'd need some help at this point. I know this is somewhat riskier than a lot of other investments, but if one would keep the investment until maturity (2042), is the big part of that risk UBS to go bankrupt? Can the dividends change dramatically? If interest rates spike, I understand the value of the bonds owned by MORL will decrease, which will decrease the value of MORL, but why would someone care if MORL is owned until maturity?
If it is owned for a long term, how can the dividend change over time? And the last question, since it has a maturity, it should also have a "par" price. Anyone knows that unit price for 2042?
Hey guys, I'd need some help at this point. I know this is somewhat riskier than a lot of other investments, but if one would keep the investment until maturity (2042), is the big part of that risk UBS to go bankrupt? Can the dividends change dramatically? If interest rates spike, I understand the value of the bonds owned by MORL will decrease, which will decrease the value of MORL, but why would someone care if MORL is owned until maturity?
If it is owned for a long term, how can the dividend change over time? And the last question, since it has a maturity, it should also have a "par" price. Anyone knows that unit price for 2042?
They will most likely need to raise equity at least as much. How will they generate revenue (whenever they will)?
Ok, what are the short term plans? Any specific loan?
Hi there, it's the first time I look at this company. I went through the last financial statements and I've got a few questions, maybe some people in here can answer. What are we looking at for the next financial statements. Last one shows no revenues, the cash flow statement show positive cash from operating activities, but you can't put a notes payable into operating activities, it should go under financing activities.
Found this website saying the same, and it's the first link I found on google writing ''notes payable under operating activity''
http://ccba.jsu.edu/accounting/STATEMENTCASHFLOWS.HTML
REal question is, are they generating revenues not or still not?
nice, radars will hit tonight! I think up coming times look great!
so whats the close? Don't feel like loging in!
According to GAAP, they can't record revenue just because they received cash. Their cash balance would increase, but there would be a liability increase as well. They would then decrease the liability monthly and increase revenue accordingly!
Same here with TDwaterhouse, I am Canadian and I can't buy any pink without calling, even if I have bought the stock previously!
What's your point, trying to see if I can make a file? TRying to prove I don't know how to make an SQL file? How is any of this making it better to have a database with lots of keywords if no one lease them? A 3000 keywords database (on excel or SQL) is not generating revenues by itself, we need contracts.
Don't call me a basher, I like the company, I just said we need a real PR saying we have contracted keywords. Building the database is not going to affect PPS. If anything, it will bring it down as people lose faith!
You are asking me if I could build an Excel database with keywords on it?
I still like the company, all I'm saying is that building a database isn't what we need. Building a database could be done using Microsoft Excel and writing keywords down the line!
Technical analysis works best with big board stocks. I don't rely on technical analysis for such stocks anyways!
I say shareholding selling. We've been waiting for real meaty PR, all we get is added keywords. They can add 3 millions keywords if they want, as long as they don't sell/lease them, it won't change anything!
I don't see why it wouldn't work. I'm in Canada and the test thing and other keywords aren't working. It's not because of the phone, it's because of the region!
2 537 views this morning on youtube! This is great!
Same here, I browse but texting is so much faster!
We just never know on this board, some know too much about stocks and finance, and some can't even make a weighted average! Just wanted to help you, in case you were serious!
Even if it's not 7$, how is selling 4$ worths of stock and paying lets say 8$ commission saving him exposure/risk? It really can't because he would be paying to make the sell. He should have kept his shares and hope for a gain sometime!
Then again it's probably MMs trading together...
Maybe you should let if free everyday... j/k
So where's that guy who said he was going to buy at 0.015 today?
If both the one texting and the one subscribing to the service and receive the calls, wouldn't that be perfect when you have unlimited incoming calls??
How would that work? Let's say I have the keyword Genius, some texts Genius to go800 and then my cellphone calls them?
I really don't agree with what you're saying, we've seen several PR with no content bring no PPS movement. I think the movement today is not that much due to the PR, just because we had a few down days and now we are going in the direction we should be going!
How do you know, do you have facts? Monsieur Jean