Yes its disappointing nothing is happening with SD if they cannot sell it or develop it in the current environment there is no chance when IO prices eventually fall.
Probably the biggest point do the numbers stack up compared with other projects? I see Magnetite mines is one of the most discussed stocks almost everyday, seems their IO project is far from port. Not sure how the 2 projects compare.
I think most shareholders including myself would not be to keen on a CR with that much debt to develop it even if we say retained a 30% holding and these types of projects rarely go to budget look at FMG Iron Bridge and Citic Sino Iron both over budget.
I bought my first GRR shares in 2011 for 69c they were 79c in 2011 so we must be hitting the 10 year price cycle.
GRR Valuation, page-124
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Last
32.0¢ |
Change
0.005(1.59%) |
Mkt cap ! $370.3M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.5¢ | 31.0¢ | $472.8K | 1.490M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 112281 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 146201 | 4 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| GRR (ASX) Chart |