GRR 2.04% 25.0¢ grange resources limited.

It would seem my model is close to the mark....

  1. 10,678 Posts.
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    It would seem my model is close to the mark.
    https://hotcopper.com.au/posts/31865095/single
    And it was dated 19March - 12days before the end of the quarter.
    1) Average price rec'd - close enough to spot-on.
    2) Unit cash operating cost - I was too conservative $86 v $82 actual
    3) Cash & receivables $203mil predicted v $200mil actual.
    4) Pellet production 625kt predicted v 623kt actual.
    5) Pellets sold 612kt predicted v 606kt actual, chips sold 30kt predicted v 26kt actual.
    6) Pellets stockpile 275kt predicted v 279kt actual.

    If I ever do as well again it will be a miracle.

    Pellet production is the big disappointment as I only got to the figure by allowing for annual maintenance shutdown of 10 days during the quarter that didn't actually happen - now scheduled for May. Only reason given for shortfall was rainy weather.
 
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