Mr Zhao obviously knows how much money Grange made during the last quarter.
More importantly Mr Zhao would have more inside knowledge of Chinese steel industry and iron ore demand than any other CEO in Australia.
Shagang carried out the 2nd largest mega-merger when it took over Anyang steel mill in China a few months ago. They don't get any closer than Mr Zhao to Shagang. He's now working for shareholders advantage since hes now a large holder of GRR shares.
The market is starting to realise this. The pellet premium is also outstanding and distinguishing Grange from every other iron ore miner in Australia. The pellet premium of US$75.50/tonne (AUD$101) alone covers the entire cost of Grange's pellet production.
Ann: Change of Director's Interest Notice, page-18
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