10% yield - only IO Junior to pay dividend, page-58

Found this on the Etrade website today really annoying how analysts don't even know what we produce, they put us in the same boat as iron ore producers hence why he was surprised Grange is paying a dividend. He has a price target of 8c is this guy serious ? Management at Grange really  don't help by not selling the fact we are one of the few small miners that are actually making money. Never seen an article in the West Australian. Its all good accumulating at these ridiculous prices but when will we reach some type of realistic value.

DJ Surprise Dividend From Grange Resources Catches J.P. Morgan's Eye -- Market Talk​

02/03/2015 09:33AM AEST​

2233 GMT [Dow Jones] Grange Resources Ltd.'s (GRR.AU) declaration of a year-end dividend was certainly the highlight of its 2014 earnings report, says J.P. Morgan analyst Luke Nelson. Given the downturn in iron-ore prices and GRR's higher costs compared to other Australian producers, J.P. Morgan hadn't been expecting a payout from the miner. "Notwithstanding the subdued J.P. Morgan iron-ore price deck, we note the company's solid cash balance and propensity to return cash to shareholders; as such, we now forecast a A$0.01 final dividend over 2015 and 2016," Nelson says in a note. Still, he retains an Underweight rating and A$0.08 target. GRR last traded at A$0.105. ([email protected]; Twitter: @RhiannonHoyle)