The only thing that needs to change is the iron ore price.
Grange has been around long enough to pull through the peaks and the troughs.
at below $100 chinese mines start struggling. At below $90 most of them shut down. So i think we may have found a bottom, still early but its showed a good bounce on Friday and today.
If European steel mills are forced to shut down that will push up steel prices as well as demand from china mills that can provide the shortfall.
Ann: Appendix 4D - Half Year Ending 30 June 2022, page-123
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24.0¢ |
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Mkt cap ! $277.7M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 25.0¢ | 23.3¢ | $361.8K | 1.510M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 24.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 4511 | 1 |
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