We all already know it was a great quarter and the next quarter could even be bette . . but what we do not know is if the BOD will increase the divvy. I can see no benefit for GRR for the BOD to increase the divvy. Without a doubt the sole purpose of GRR is to supply pellets to Shagang. It would benefit GRR to maintain the 1 cent divvy and to use the cash to increase output to Shagang. A higher share price is of zero benefit to GRR. I think it is this stradegy of the BOD that has kept a lid on the SP . . . and may continue to do so.
Quarterly predictions, page-392
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Last
27.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $318.2M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 30.5¢ | 27.5¢ | $2.494M | 8.742M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 201433 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 20000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| GRR (ASX) Chart |