Ann: GRR - Quarterly Report for 3 months ended 30 September 2017, page-11

newB, what absolute garbage you sprout. Whilst I agree that a 1/2c dividend last 1/2 might have been nice, it wasn't sound business sense to pay a divi when the company was having a difficult period with production down and the mill shell replacement.
The price paid by Shagang is based on the international pellet price and this was done by the previous CEO Russell Clarke.
Its a foolish company that doesn't have some stockpile of goods, and judging from the ships in and out of port so far this month its difficult to know exactly how much stock is there at the present time.
The iron ore price might be down for other iron ore producers but the pellet price premium keeps increasing, who knows it might be higher by the time the current stock is sold.
Whilst not mentioned in the quarterly, Grange is " looking into new flux pellets machinery"