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1.47%

33.5¢ grange resources limited.

GRR Qtrly report, page-57

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Thompsjz69

1,583 Posts.

26/10/15

21:49

Post #: 16257846
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Originally posted by ValueSeeker ↑

Rocket & Trippa,

I understand Trippa's worries about C1 being 78 AUD per ton and I disagree with Rocket's reference to the increase in stockpiles as C1 has nothing to do with it. Pellets produced were at a record along with concentrate. C1 is the total of mining and production costs over the tons of pellets produced. Inventory movements are excluded.
The problem with your analysis Trippa is that this quarter was unusual as we had down time of 50 days or so to replace the mill. The costs for July must have been exorbitantly high. Lets not forget the company's prior announcement that cash costs for August were below 70 AUD probably 68 AUD. So we will have to wait until year end to find out the normalized c1.
And btw cash stayed roughly flat but no mention was given to any increase in debt/finance leases, these were 14 million last quarter.
All in all a very good report, the takeaway is that the company is about to lower costs significantly with 2 new mills and most infrastructure completed after Tailings is done. So expect huge cash flow accumulating on Balance Sheet as capex will be minimum.

Good luck to all!

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So what you're saying according to you last paragraph is it's a perfect time to be accumulating this stock.

GRR Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 33.5¢		Change -0.005(1.47%)		Mkt cap ! $393.4M

Open	High	Low	Value	Volume
34.5¢	34.5¢	33.5¢	$97.76K	287.4K

Buyers (Bids)

No.	Vol.	Price($)
13	278994	33.5¢

Sellers (Offers)

Price($)	Vol.	No.
34.0¢	191807	20

View Market Depth

No.	Vol.	Price($)
17	310789	0.335
23	525876	0.330
11	137774	0.325
29	302303	0.320
7	152437	0.315

Price($)	Vol.	No.
0.340	69686	10
0.345	194814	14
0.350	66699	6
0.355	127491	6
0.360	136604	8

Last trade - 10.32am 24/07/2024 (20 minute delay)

GRR (ASX) Chart

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