GRR 4.00% 36.0¢ grange resources limited.

Ann: Market Update, page-17

  1. 6,920 Posts.
    lightbulb Created with Sketch. 518
    The real problem now, is not about a quarter (or 2) production drop, it is the working condition of the mine .
    They are building the supporting wall! and that is the thing worried me.
    I was surprised it hold up at 14 cents for more than a day, and I off loaded 4/5 of my holding even on 14.5 cents.

    I will expect 1 or 2 negative cash flow quarters, and the cash pile (which GRR is proud of) will decrease.
    Dividend in near future? what dividend?
 
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