GRR 2.08% 24.5¢ grange resources limited.

GRR Valuation, page-392

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    Some possible ideas:
    1) Erosion of IO price. This may be driven by Chinese jawboning about cutting steel production to curb air pollution.

    2) Fear that the GRR BOD may not pay a reasonable dividend.

    3) Profit taking by traders/investors who bought in much lower (15-20c a year ago).

    SP slumped this morning to 64c, very close to the support line. If it can hold this level; great. It may climb again if good dividend ANN.
    If it drops below about 62c I'd say support would be broken.

    All just IMO; not advice. DYOR
 
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