Australia's largest stock trading and investment forum Australia's #1 stock forum

GRR

Click for more information

1.56%

31.5¢ grange resources limited.

Ann: Dividend/Distribution - GRR, page-268

First 268 Last

Share
Profile

Follow
Goodheart

1,609 Posts.

330

04/09/21

14:47

Post #: 55833159
Share

Originally posted by Whisky49: ↑

Very disappointed as this has such potential and could be trading at dollars easily if management gave shareholders a reason to believe they would benefit people other than the mother ship (China)...

The potential has never changed and in fact its got considerably better, the main reason GRR hasn't attracted a lot of attention in the past is because its growth path was limited largely by the cash involved to grow, that now has the potential to change....the mothership is the reason we are in such a healthy financial position and has benefited all longer term shareholders.

The chart below is whats behind most of the angst around here and is why management are putting cash preservation for future growth ahead of splashing it out on large dividends , the cash windfall was a one off so needs to be taken advantage of , not all times will be as good as the last year or two, so get in position for the next cycle with more production....often known as common sense...

If IO stayed at $225 t forever life would be very good but with a chart like that it was never going to happen, very similar to GRR 's chart as one would expect. Unfortunately the Dow Jones chart is starting to have a similar upslope.

Cheers Whisky

Expand

GRR Price at posting: 58.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AIZ

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

KSN

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

MTL

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

NWH

NRW Holdings voted Wealth Within's hot stock tip

There are more pages in this discussion • 123 more messages in this thread...

First 268 Last

Add GRR (ASX) to my watchlist

(20min delay)
Last 31.5¢		Change -0.005(1.56%)		Mkt cap ! $364.5M

Open	High	Low	Value	Volume
32.5¢	32.8¢	31.5¢	$837.4K	2.603M

Buyers (Bids)

No.	Vol.	Price($)
14	412990	31.5¢

Sellers (Offers)

Price($)	Vol.	No.
32.5¢	181056	5

View Market Depth

No.	Vol.	Price($)
14	412990	0.315
23	900515	0.310
9	145469	0.305
19	304136	0.300
4	103623	0.295

Price($)	Vol.	No.
0.325	181056	5
0.330	36290	3
0.335	30084	1
0.340	39067	2
0.345	110482	3

Last trade - 16.10pm 30/07/2024 (20 minute delay)

GRR (ASX) Chart

SPONSORED BY