GRR 0.00% 36.0¢ grange resources limited.

Ann: Dividend/Distribution - GRR, page-69

  1. 875 Posts.
    lightbulb Created with Sketch. 861
    They showed their hand with a 11% payout.
    If there's no concrete news about using available capital in a sensible manner before december, I'll be forced to vote against all resolutions on the next GM, even thought I only have 200k shares.

    Since there's no way I am selling a company this undervalued, I guess there's no choice but getting involved.

    The fact that this is sitting at 80% of asset backing despite printing money is a good indication that management should be kept on their toes rather cuddled and excused.
 
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