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
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Last
27.5¢ |
Change
-0.025(8.33%) |
Mkt cap ! $318.2M |
Open | High | Low | Value | Volume |
29.5¢ | 29.5¢ | 27.5¢ | $934.7K | 3.291M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 428270 | 27.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 104947 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 428270 | 0.275 |
13 | 227319 | 0.270 |
6 | 165319 | 0.265 |
17 | 218018 | 0.260 |
6 | 82272 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 104947 | 1 |
0.285 | 34000 | 1 |
0.290 | 80880 | 4 |
0.295 | 26509 | 1 |
0.300 | 280890 | 6 |
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