So from what I gather a quarter of one off mine problems and low iron ore prices means that GRR has turned a small operating loss,
Given that iron ore prices stabilise (which they appear to be doing already given all the resistance recently despite the doom and gloom) GRR looks like going back to solid, healthy profits over the medium term.
So why is it priced as though it's going out of business?
Could it be something as silly as buyers waiting to get it 'cheaper' becuase they have decided the resources boom is over and that GRR will be raising capital soon?
You betcha, let dummies be dummies.
I'm holding as long as it takes,
China already picking back up and IO prices cant stay down much longer,
If they were going to keep tanking they would have kept on tanking.
Best of luck.
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Last
25.5¢ |
Change
-0.020(7.27%) |
Mkt cap ! $295.1M |
Open | High | Low | Value | Volume |
27.0¢ | 27.0¢ | 25.5¢ | $944.6K | 3.609M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 482642 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 2989 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 482642 | 0.250 |
6 | 146635 | 0.245 |
10 | 236075 | 0.240 |
5 | 127677 | 0.235 |
5 | 78706 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 2989 | 1 |
0.260 | 59864 | 3 |
0.265 | 118970 | 6 |
0.270 | 300763 | 10 |
0.275 | 424943 | 7 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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