GRR 7.27% 25.5¢ grange resources limited.

is the company making money?, page-12

  1. 497 Posts.
    lightbulb Created with Sketch. 8
    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.
 
watchlist Created with Sketch. Add GRR (ASX) to my watchlist
(20min delay)
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
Last trade - 16.10pm 04/09/2024 (20 minute delay) ?
GRR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.