GRR 1.89% 26.0¢ grange resources limited.

FY2021 Accounts prediction, page-2

  1. 2,082 Posts.
    lightbulb Created with Sketch. 1651
    Yes annual report imminent.

    Agree $300m NPAT verse their market cap....puts it on a genuine PE ratio of 3.  Earnings that very much look sustainable.....not a one off, (as new casual observers would expect here ).  There are no other stocks with the same profit to market cap fundamentals - anywhere.

    In fact, it is very clear and attainable, that this profit will be doubled upon mine expansion. The resource is there and a strong market for high grade iron ore. Not a pipe dream for doubling of high grade iron ore production, whatsoever.

    How cheap the SP is - beyond question.  Chatline types who follow the stock, have micro analyzed it to death..... the profit announcement is a perfect opportunity this week,  to alert new investors to the fundamentals here.

    In fact - the report (and cash stockpile), won't alert new investors, more like shock them into an almost unprecedented  situation here.... for this long established company.
 
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