Ann: GRR - Quarterly Report for 3 months ended 31 March 2019, page-29

I might as well add to this post GRR is a conservative stock you only need to see the progression of the company slow and at the same protecting shareholders wealth.

I'm pleasantly surprised how there is so much negativity feedback on the property development if anything do more please.

If you all can read between the lines management are basically saying do we earn 2% on our cash or do we use some of the cash and purchase prime location suburbs and generate higher returns than 2.0% the answer is simply yes.

There is no risk for GRR as they have engaged a builder and fundamentally the risk is on the builder.

Also there is no need for GRR to acquire new investment as they have the pending WA investment looking for a JV. Remember GRR have spent $170m on Southdown already.

Surely we can see GRR management like the idea of having JV - the property and Southdown - no better way to mitigate or minimising risk to their business.

We are generating healthy dividends we have low PER and yet we still complain.

I'm one of these shareholders thinking long term on the following basis.

Low PER
Healthy profits
Above and beyond on dividend returns
New operations in mining with long term operational cost reduction
Prime iron ore
Long term mining
Potential Southdown investment
Potentially being on the ASX300

Im not sure why we are complaining same time next year this could be an 80 cent stock and you know what it could go even higher.

Oh yes and we complain that we have some maintenance issues for the next 2 months.

If our Asian management read some of the comments we have on this board would be in fits of laughter - i think we are the joke and not them.