Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. 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 Analyst

Champion Iron (CIA CN): Rana Gruber Acquisition and DRPF To Drive Earnings Uplift

Champion Iron (CIA AU) Q4FY26: Gone Into Cash Preservation Mode

Champion Iron Ore (CIA AU): Fairly Valued Despite Operational Improvements

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

Equity Bottom-Up

<ul>
<li>The DRPF project was delivered within its $500M budget and has produced first DR-quality iron ore, with an inaugural 160,000 wmt Capesize cargo loading this quarter.</li>
<li>Q1 weakness is timing, not demand: Bloom Lake and Rana Gruber both shipped well below production, leaving 2.0M wmt of concentrate inventory to convert in Q2.</li>
<li>The stock has corrected massively post the loss, and we will have to revisit our numbers post the Q1 loss. </li>
</ul>


The DRPF project was delivered within its $500M budget and has produced first DR-quality iron ore, with an inaugural 160,000 wmt Capesize cargo loading this quarter.
Q1 weakness is timing, not demand: Bloom Lake and Rana Gruber both shipped well below production, leaving 2.0M wmt of concentrate inventory to convert in Q2.
The stock has corrected massively post the loss, and we will have to revisit our numbers post the Q1 loss. 


Champion Iron Limited (CIA CN) Q1 FY27 Results: DRPF Commissioned and Rana Gruber Consolidated