GRR 2.13% 23.0¢ grange resources limited.

the new darling of io producers , page-21

  1. 20,543 Posts.
    lightbulb Created with Sketch. 2050
    Hi folks

    remembering most of my exit was at 30c , unless it closes 28 I am well ahead so no jumping on any hot tin roofs lol

    The morning performance was strong, but now it is only .5c above its divi.

    IO didn't bounce last night after hitting a 18 month low the day before which is bearish. When I was buying GRR at 25.5 the pellet price was 170-172. Pellet price now likely to be 142-145 and thus margin almost 40% down.

    For me to buy back in given cooper and IO price, I need to buy a fair bit lower than what I think it is worth to accomodate any further easing in IO price
 
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