GRR's results are very impressive and IMO, the only reason why a 2c Dividend was not declared during FY14, was the smart decision to pay out the deferred consideration at a "good value to GRR shareholders".
I have been holding GRR for some time, and whilst there is a focus on price and FX, these are external factors. The biggest risk I see to GRR is another "wall collapse". This historical means extra costs to rectify and a lower grade and takes time to rectify.
When this happens (I think twice from my memory), share price is smashed down 30+%.
Good luck to all holders and let us all hope for stability in their mining operations.
http://www.abc.net.au/news/2010-06-18/a-section-of-the-rock-wall-collapse-at-grange/916350
http://www.miningaustralia.com.au/news/grange-resources-sees-another-rock-slide-at-savage
GRR's results are very impressive and IMO, the only reason why a...
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Last
35.5¢ |
Change
-0.005(1.39%) |
Mkt cap ! $410.8M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.0¢ | 35.0¢ | $238.5K | 668.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 178600 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 9266 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| GRR (ASX) Chart |