Agree - which is why I would like to see the cash reserve grow - but with increased dividends (50% of net profits still leaves a lot of accruing cash at the moment). I have some mixed views about SD -basically, either sell it off and give half the funds back to shareholders - many of which got into GRR because of the potential prospects of Southdown OR work on a plan to get it up and running even if that is a 5-10 year plan.
The way Grange is making money now - and the potential to do that up to 2025 - they surely have it within a reasonable gambit to have a go with Southdown.
Given that Shagang wants the supply, I don't even think alternative suppies for China will affect it asa on-going concern - Tassie is a bit closer to China than Guinea is.
Pellet Price, page-525
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Last
24.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $277.7M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 24.5¢ | 23.5¢ | $350.1K | 1.451M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 8843 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 77301 | 6 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| GRR (ASX) Chart |