So it’s obvious the market see’s GRR as a dividend stock and has totally brushed over the company’s best ever 6month result.
Im expecting a bit of a pop today as the smart investors digest the results.
I don’t think anyone can defend that 2c payout from the BOD… even another 11mil to take it up to 3c or 16% payout would not have received the backlash, “yeah as holders we still would’ve thought 3c is unders, but probably satisfied at the same time.
And let’s face it another 11mil is pocket change for them atm!
I personally hope they squash SD (sell it) and go hard at Savage river underground.
Also think there is enough cash there to look at bolt on acquisitions (copper, lithium, OMH takeover, and grow the business that way.
In good news iron ore futures up 4% overnight.
The downtrend is now broken.
Ann: Dividend/Distribution - GRR, page-90
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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 |