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Champion Iron's (CIAFF) CEO David Cataford on Q1 FY2022 Results - Earnings Call Transcript

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Champion Iron Limited (OTCQX:CIAFF) Q1 FY2022 Earnings Conference Call July 29, 2021 8:23 AM ET

Company Participants

Michael Marcotte – Vice President-Investor Relations

Michael O'Keeffe – Executive Chairman

David Cataford – Chief Executive Officer

Alexandre Belleau – Chief Operating Officer

Conference Call Participants

Gordon Lawson – Paradigm Capital

Alex Jackson – RBC Capital Markets

Daniel Sampieri – Scotiabank

Alexander Pearce – BMO

Craig Hutchison – TD Bank

Lucas Pipes – B. Riley Securities

Dalton Baretto – Canaccord

Scott Taylor – Pembroke

Stefan Ioannou – Cormark


Good morning, ladies and gentlemen, and welcome to the Champion Iron Limited First Quarter Results of the Fiscal Year 2022 Conference Call. [Operator Instructions] This call is being recorded today, Thursday, July 29, 2021. And I would now like to turn the conference over to Mr. Michael Marcotte, Vice President of Investor Relations. Please go ahead.

Michael Marcotte

Thank you, operator. And good morning, everyone or good evening for those dialing in from Australia. I'd like to thank everyone for joining us today to discuss our results for the first quarter of our fiscal year 2022. I would also like to direct people in a call to a presentation that management will be referring to, which is posted on our website, at www.championiron.com under the Events and Presentation section.

I'd also like to remind listeners that some of the matters to be discussed during this call may contain forward-looking statements, and I would like to refer you to the disclaimer at the beginning of that presentation which we will be referring to during this call. For additional information with respect to forward-looking statements, risks and assumptions, please consult our most recent MD&A, which is also available on our website. Also please note that all amounts being referred to are Canadian dollar unless otherwise stated.

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Comments (4)

@billknowsall Your lonely comment in referencing CIA as an solid investment could be very interesting on Thurs. Oct.28/21 when they release their 2nd Qtr. As you know this is a Canadian company based in Quebec with a balance sheet " Par Excellence " is about to (fingers crossed) declare its first common share dividend. Management made reference to this on Aug. 1/21 in their "Earning Call Transcript" posted on S/A. Of interest is also a large block trade on Aug. 2/21 (25M shares @ $7.50 on the Aussie exchange=$6.87 Cdn)) Why hide it there & who bot it? I would suggest a corporate buyer having worked in the business. The seller was WC Strategic Opportunity LP reducing their holdings from13.22% to 8.28% and is on their Board of Directors. CIA & some directors also own 20% of Cartier Iron. I assume this would increase their iron ore reserve life, when needed, but also has a "Gold" play in and around Clarenville, Newfoundland having raised money through a private placement on July 7/21. I previously bot CIA @ $6.25 & bot more today @ $4.40. No one writes on this company except a few Bay St analysts, but that just might change. KG
@AEA26 I have been holding $CIA since about 22 cents (US). I'm waiting patiently as I see a continuation of good news on the horizon. I was a little bit familiar with the Bloom Lake property from the $CLF days and it has been a really nice investment for me. The Cartier holding could be a decent contributor down the road. Good luck to you!
@billknowsall What other Champion investments are those little grey cells hiding? Regards: KG
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