Sure, well I bought GRR around 20c (~3 years ago) - looked very cheap. Now I'm out (few months ago) at 25c.
The dividend has been great, and it's worked out. I sincerely wish you holders well - I do.
However, personally, I've grown very fustrated with management. I think if you dig into ownership/structure there's a bit more to it than that.
Also, a hicup with China wouldn't effect Grange too? Not too sure about that.
GRR - flat over 3 years.
FMG - almost x3
RIO - 50%
MGX - 40%
CIA - almost x3
price of IO - 70% over 3 year period.
Now, if you understand why GRR is flat over that period, but will outperform over the next 3 years- than more power to you. However, I have theory why I believe it will continue to underperform peers (management, ownership, structure, reserves, shareholder focus). This is my humble viewpoint - and there are some really smart people in this forum who may simply understand it much better than me.
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Last
26.0¢ |
Change
0.005(1.96%) |
Mkt cap ! $300.9M |
Open | High | Low | Value | Volume |
26.0¢ | 26.5¢ | 25.5¢ | $224.3K | 860.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 121209 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 286541 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 117055 | 0.260 |
2 | 100004 | 0.255 |
13 | 325215 | 0.250 |
4 | 204234 | 0.245 |
15 | 306029 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 279593 | 8 |
0.270 | 134037 | 4 |
0.275 | 357994 | 6 |
0.280 | 190500 | 6 |
0.290 | 154000 | 5 |
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