What a good day to enable Grange believers to top up their GRR holdings, I couldn't help myself and 'bit the bullet' and pick up another 45,000, only to watch it drop another 1 cent.
Don't shareholders realise how many $$$'s Grange is making at present, and we haven't seen anything yet. The interim price of US$150/t is now well under the actual price that will be paid.
Spot prices are showing some weakness at present, but Credit Suisse has recently stated that the weakness could be short lived and prices could hit record levels up to US$250/t in May as industrial activity picks up and India ?s monsoon season squeezes supplies.
Grange's pellets should get about US$50/t premium on these prices.
I wonder why GRR shareholders are so dumb and sell at 68 cents, why don't they realise that Grange will have $200 million ++++ in the bank by mid year. They must be shareholders who don't know how to operate a calculator.
how high the pellet price 2011?.......$250/ton, page-9
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.8¢ | 23.0¢ | $388.3K | 1.673M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 650756 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 105687 | 4 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| GRR (ASX) Chart |