External broker reports(aggregated public sources), Bell Potter Securities

Bell Potter

External broker reports(aggregated public sources)

Bell Potter Securities

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to individuals, institutions and corporations. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>CIA’s 100%-owned Bloom Lake mine in northern Quebec Canada produces around 15Mtpa of high grade (+66% Fe) iron concentrate.</li><li>This high grade concentrate reduces steel making carbon emissions by around 10% compared with typical hematite ore.</li><li>From 2026, processing plant upgrades will lift around half of CIA’s production to 69% Fe.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CIA’s 100%-owned Bloom Lake mine in northern Quebec Canada produces around 15Mtpa of high grade (+66% Fe) iron concentrate.This high grade concentrate reduces steel making carbon emissions by around 10% compared with typical hematite ore.From 2026, processing plant upgrades will lift around half of CIA’s production to 69% Fe.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Champion Iron Ltd (CIA) – Evolving with Steel’s Transition

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Aug 9th (reported today) which has an aggregated short interest worth USD20.6bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in CSL, Qbe Insurance, Macquarie, Agl Energy, Telstra.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Aug 9th (reported today) which has an aggregated short interest worth USD20.6bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in CSL, Qbe Insurance, Macquarie, Agl Energy, Telstra.


ASX Short Interest Weekly (Aug 9th): CSL, Qbe Insurance, Macquarie, Agl Energy, Telstra

Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

<ul>
<li>
<a href="https://www.smartkarma.com/entities/champion-iron-ltd" target="_blank" data-smartkarma-citation="entities:19734:1" rel="noopener">Champion Iron (CIA AU)</a> reported an inline Q1 FY25, with revenue/earnings up 57%/308% YoY owing to a 34% YoY volume increase and better pricing. </li>
<li>The company reiterated its guidance for 15 million tons of production and equivalent sales. It is working on improving logistics after forest fires and other port/rail issues. </li>
<li>The stock trades at 8.5x PE and a 6% dividend yield for FY25e ( assuming iron ore prices of USD 108/ton with a 15 USD/ton premium on 65% Fe). </li>
</ul>



Champion Iron (CIA AU) reported an inline Q1 FY25, with revenue/earnings up 57%/308% YoY owing to a 34% YoY volume increase and better pricing. 
The company reiterated its guidance for 15 million tons of production and equivalent sales. It is working on improving logistics after forest fires and other port/rail issues. 
The stock trades at 8.5x PE and a 6% dividend yield for FY25e ( assuming iron ore prices of USD 108/ton with a 15 USD/ton premium on 65% Fe). 


Champion Iron Q1 2025: Inline, High-Grade Iron Ore on Critical Minerals List in Canada

<ul>
<li>Iron ore bounced from the 100 USD/ton level and has maintained a rangebound level between 95 and 130 USD/ton for the last three years.</li>
<li>Inventories at the ports continued to increase, surpassing 150 million tons, representing about 38 days of inventory (normalized levels around 35 days). </li>
<li>After Capital Group's recent selldown<a href="https://www.mining.com/web/fortescue-investor-seeks-to-sell-1-3-billion-worth-of-shares/" target="_blank" rel="noopener">, </a><a href="https://www.smartkarma.com/entities/fortescue-metals-group-ltd" target="_blank" rel="noopener">Fortescue Metals (FMG AU)</a> looks attractive (with a trailing dividend yield of 11% and 6.5x PE) and could be worth exploring. </li>
</ul>


Iron ore bounced from the 100 USD/ton level and has maintained a rangebound level between 95 and 130 USD/ton for the last three years.
Inventories at the ports continued to increase, surpassing 150 million tons, representing about 38 days of inventory (normalized levels around 35 days). 
After Capital Group's recent selldown, Fortescue Metals (FMG AU) looks attractive (with a trailing dividend yield of 11% and 6.5x PE) and could be worth exploring. 


Iron Ore Tracker (07-Aug-2024): Port Arrivals High, Inventory Piles up at 35 Ports

Breaking Down the Mining News of the Day, Money of Mine

Money of Mine

Breaking Down the Mining News of the Day

An ex-underground miner, an ex-investment banker, and an ex-equity research guy breaking down the mining news of the day. It's a bit of entertainment, information, and occasionally some alpha.

Commodities

<ul><li>Champion Iron Ore, also known as Champ, is a premium producer in the iron ore sector with potential for increased attention over time.</li><li>Adriatic Metals is ramping up production at their Vares silver-zinc polymetallic deposit in Bosnia, but facing challenges with cash flow and development rates.</li><li>Cash flow issues, teething problems with mining services, and logistical challenges are hindering Adriatic's ramp up, but they are on track to reach their nameplate by Q4.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Champion Iron Ore, also known as Champ, is a premium producer in the iron ore sector with potential for increased attention over time.Adriatic Metals is ramping up production at their Vares silver-zinc polymetallic deposit in Bosnia, but facing challenges with cash flow and development rates.Cash flow issues, teething problems with mining services, and logistical challenges are hindering Adriatic's ramp up, but they are on track to reach their nameplate by Q4.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Australia

champion Iron Limited is a exploration company. The Company acquires, explores and develops properties for iron ore deposits.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Champion Iron (CIA AU)

Champion Iron Ltd (CIA) – Evolving with Steel’s Transition

CIA’s 100%-owned Bloom Lake mine in northern Quebec Canada produces around 15Mtpa of high grade (+66% Fe) iron concentrate.

Bell Potter

ASX Short Interest Weekly (Aug 9th): CSL, Qbe Insurance, Macquarie, Agl Energy, Telstra

We analyzed ASX short interest report for the past week and highlight short interest changes in CSL, Qbe Insurance, Macquarie, Agl Energy, Telstra.

Ke Yan, CFA, FRM

Champion Iron Q1 2025: Inline, High-Grade Iron Ore on Critical Minerals List in Canada

We summarize the Q1 FY25 results for Champion Iron (CIA AU). Trading at 8.5x FY25e PE with a 6% yield, and high-grade ore placed on Canadas...

Sameer Taneja

Iron Ore Tracker (07-Aug-2024): Port Arrivals High, Inventory Piles up at 35 Ports

With iron ore continuing to remain rangebound between 95-130 USD/ton for the last 3 years (with minor overshoots), we summarize actionable ideas in...

Sameer Taneja

Miners at Peak Risk/Reward

Champion Iron Ore is a premium iron ore producer gaining attention, while Adriatic Metals faces challenges in ramping up production at their Vares...

Money of Mine

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)