GRR's results are very impressive and IMO, the only reason why a 2c Dividend was not declared during FY14, was the smart decision to pay out the deferred consideration at a "good value to GRR shareholders".
I have been holding GRR for some time, and whilst there is a focus on price and FX, these are external factors. The biggest risk I see to GRR is another "wall collapse". This historical means extra costs to rectify and a lower grade and takes time to rectify.
When this happens (I think twice from my memory), share price is smashed down 30+%.
Good luck to all holders and let us all hope for stability in their mining operations.
http://www.abc.net.au/news/2010-06-18/a-section-of-the-rock-wall-collapse-at-grange/916350
http://www.miningaustralia.com.au/news/grange-resources-sees-another-rock-slide-at-savage
10% yield - only IO Junior to pay dividend, page-44
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Last
27.5¢ |
Change
-0.025(8.33%) |
Mkt cap ! $318.2M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 29.5¢ | 27.5¢ | $934.7K | 3.291M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 428270 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 104947 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| GRR (ASX) Chart |