GRR 0.00% 27.5¢ grange resources limited.

Buyer here at 20c, page-10

  1. 195 Posts.
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    Hi Multi,

    When the share price of grange was 31 cents in Jan 2021, you advised:

    "Now please take maximum mortgage on your house.Call all your close family members and borrow money as much as possible from them.Get all you saving at the bank and sell anything that can be sold and buy witrh all that money GRR.You will do fine."

    https://hotcopper.com.au/threads/grr-must-watch-the-hare-and-the-tortoise.5844619/page-10?post_id=49965317

    The share price rocketed soon after and your comment was a really good call. The price of GRR is now higher and the iron ore price is lower so it appears GRR is now relatively overvalued. But is this a fair comparison?

    GRR in Jan 2021 was so massively undervalued that it should not be regarded as fair value for comparison. It is possilbe for the current share price to be fair value and Jan 2021 price was too cheap. Only time will tell.
 
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