Challenging is certainly the right word.
Given (i) cash backing (ii) expected profit margins/cash flow on pellets at current price levels and (iii) expected dividends of around 2 cps (my guess), I am happy to continue holding and am seriously considering adding to my position even though I expect the headline I/O prices to weaken further. Sentiment is bad but it won't always be the case.
To paraphrase Lord Rothschild - buy when there's blood on the streets even if it's your own. If GRR keeps kicking out a 2 cps dividend I can afford to be patient for as long as it takes.
change in fortunes!, page-2
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Last
26.0¢ |
Change
0.005(1.96%) |
Mkt cap ! $300.9M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $224.3K | 860.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 121209 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 286541 | 9 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| GRR (ASX) Chart |