Looks like neither the investor presentation nor the last set of results reached Macquarie. From FNArena this morning:
"Grange's target falls to 12c from 13c but the broker retains Neutral, noting that while the producer is burning cash at current iron ore prices it does have significant cash-backing." (emphasis mine)
Words fail me.
more news in the paper, page-37
Add GRR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
25.0¢ |
Change
0.005(2.04%) |
Mkt cap ! $289.3M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.5¢ | 24.5¢ | $494.2K | 1.977M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 88281 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 414626 | 8 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| GRR (ASX) Chart |