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1.22%

40.5¢ grange resources limited.

This report says otherwise, tens of millions saved from power...

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Alejandro1

953 Posts.

655

29/03/21

16:53

Post #: 52119594
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Originally posted by rocket973: ↑

"ts important to note that this result was only possible because of COVID and the low oil prices that resulted in lower electricity costs for GRR along with the increased Iron ore volume and realized iron ore price."

One thing is correct in what you've posted and that is
'increased ...realized iron ore price"
Correct.
The rest is a load of waffle, Grange's huge result was from the last quarter of 2020, and that was the result of higher iron ore prices and the fact some some shipping missed the Sept deadline so was in the Dec qtr. The price of power and oil is insignificant when the iron ore pellet price is US$174/tonne (AUD$236/t).
Just wait and see what the March Qtr 2021 brings with iron ore pellet prices at US$250/tonne ( AUD$320/t)

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This report says otherwise, tens of millions saved from power costs. This growth is unsustainable but i love this company from the fundamentals.
Can I take your word on that ore price? Any funds lost as a result of not achieving that figure can be billed back directly to you? All HC..

GRR Price at posting: 51.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 40.5¢		Change -0.005(1.22%)		Mkt cap ! $474.5M

Open	High	Low	Value	Volume
41.0¢	41.0¢	40.3¢	$383.4K	944.3K

Buyers (Bids)

No.	Vol.	Price($)
24	520070	40.5¢

Sellers (Offers)

Price($)	Vol.	No.
41.0¢	164898	24

View Market Depth

No.	Vol.	Price($)
23	519678	0.405
50	1362757	0.400
21	497116	0.395
33	612417	0.390
22	429713	0.385

Price($)	Vol.	No.
0.410	176598	25
0.415	171883	17
0.420	227649	12
0.425	180660	10
0.430	521022	12

Last trade - 14.23pm 16/05/2024 (20 minute delay)


Last 40.5¢			Change -0.005 ( 1.29 %)
Open	High		Low	Volume
40.5¢	41.0¢		40.3¢	303011
Last updated 14.29pm 16/05/2024 ?

GRR (ASX) Chart