GRR 0.00% 25.0¢ grange resources limited.

Ann: GRR - Quarterly Report for 3 months ended 30 September 2017, page-8

  1. 96 Posts.
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    Yes it was a good result considering first few weeks did not have access to ore. (As a guess working back from first shipment mid aug after waiting 2 weeks for pellets to cool)

    It looks like they will have some mill feed stockpiled again so can run at 100% capacity. I think the pipeline was the limit to production somewhere between 2.6-2.9 mt/pa from memory so we should approach 650k + production per quarter and then c1 drop below 80 again.

    pellet premium has shot up even more then I was expecting since I've loaded up, since then there has been a real lack of volume. Suspect this due to no one new buying due to uncertainty? hopefully this will change now.
    Hmm I think the gas price issue still a lingering problem with the cost of east coast gas plus the Tasmania pipeline issue. I think gas is only for pellet plant but I'm not 100% sure the level of impact if anyone can enlighten? at least gas can only go up at most a third from here if Tasmanian gov fail to negotiate with the pipeline owners. Dyor

    Hope everyone having great weekend
 
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