Ann: GRR - Quarterly Report for 3 months ended 31 March 2019, page-25

So many investors wetting their pants is unbelieveable. Another 2 months of poor production, so what!!!
The elevated environment for iron ore pellets isn't going to stop in two months time.
Any dip in the shareprice when any dumping is done by the uninformed will utimately be seen as a buying opportunity. Mark my words.
I see a completely different scenario to those who no longer hold. Grange is actually  in a better position now than its ever been. True the next two months don't look bright production wise, but they aren't sitting on their hands as new ore is being opened up with the cut back of the west wall and the underground mine.
Grange management is extremely confident as shown in the story below
Grange Resources to win from Chinese policies, supply issues?

Chinese environmental policies appear to have potential to turbocharge already strong growth for North-West iron ore miner Grange Resources Limited.
"The ongoing development of the iron ore market and the issues in China for increasing restrictions on environmental non-compliance provide a unique opportunity for us," Grange chairperson Michelle Li and chief executive Honglin Zhao said in the Savage River miner's annual report for calendar year 2018.
"We are very confident of our competitiveness to supply a sustained high-quality, low-impurity iron ore pellet product."
https://www.theadvocate.com.au/stor...ly-issues-big-opportunities-for-savage-river/

I doubt whether any large holders will be selling next week, true some small holders who have short term agendas will sell looking for another place for their money, however I'd doubt whether they'll find a better deal than GRR. The cash in the bank must be viewed as only part of their cash/ asset holding. Currently there is $207.1 million cash + $17.5 m trade receiveables plus $18m property (31st Dec) + $9m +$4 million (spent March Qtr ) = $255.6 million.  This doesn't include Savage River mine or Southdown which at current shareprice is only worth less than $100 million.

Most good investors are forward thinkers, not backward thinkers. If you can only see 2 months down the track then you'd best sell, as there ain't any hope for you.
For those forward thinkers who don't mind waiting to double or triple their money then it would be foolish to sell when the last quarter is way behind and only two months to wait and full production will restart at elevated prices.
https://www.hellenicshippingnews.co...shortfall-in-global-iron-ore-pellets-in-2019/

Every miner has shutdowns etc, Ferrexppo will shut down supply for 2.5 months in the 2nd half 2019.
"Ferrexpo reiterated in 2019 it will continue its repair and maintenance program, including a 75-day pellet line shutdown in the second half of 2019."