If they have a high IRR use for the funds then happy for them to use that. Just let me know or otherwise have a liquidity hurdle and return cash over that. Otherwise I'd rather have the franking credits. GRR owes me nothing - between divs and trading profits I have good holding that cost me negative . I've said this before but I'd actually prefer at these IO prices they spin SD off into a new vehicle, give us all shares (and put an asset with v different risk profile in a separate vehicle) and seek a takeover offer from a major for cash and a solid royalty right. Lots of company's out there with good royalty streams that do v well and don't really have costs.
The one thing I really hope they don't do is try buy out the other SD parties at the top of the market. That would be bonkers IMO.
DYOR
Grange's Iron ore pellets at A$427/tonne, page-95
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Last
37.5¢ |
Change
0.010(2.74%) |
Mkt cap ! $434.0M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.0¢ | 36.8¢ | $355.7K | 952.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29999 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 61833 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| GRR (ASX) Chart |