GRR 4.35% 24.0¢ grange resources limited.

I understood the H1 from Miningnut was $100m and the actual...

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  1. 534 Posts.
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    I understood the H1 from Miningnut was $100m and the actual $130m good plausible explanation but who really knows how accurate the next quarter and half will be?

    I’m on hold cos I’m thinking demand for pellets will improve not reduce due to geopolitical reasons and positive economic strength from China. Who really knows what the pellets will be worth in 3 or 6 months?

    I also know the UG at SR will help drive cost efficiencies to counter the energy costs notwithstanding the costs of removing overburden or stripping.

    Then longer term I’ll expect the SD (70%) to help improve export tonnage and forecast profit for GRR.

    For someone who freeholds since 2015/6 the 2 x 10c recent divs both paid back my initial purchase price, so I’m sitting tight as I have seen this before.
 
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