RR ... GRR has maintained its c1 cash margin constant at around $30/tonne since 2012. Trust me, I know, I've looked. I think you might need to calibrate your charts to distinguish between fines and pallets ... even Vale is doing exactly that.
In play is cost of steel production but also 'cost' of environmental consequence during that production process.
Sure, if demand for steel continues to deteriorate, every IO will be at the edge. But until then, I'm not convinced Armageddon is nigh!
I'm yet to understand last weeks volumes too... maybe it is a pump and dump. But for me, dividends are the real story.
Nonetheless, each to their own
back from middle earth?, page-92
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Last
35.5¢ |
Change
-0.005(1.39%) |
Mkt cap ! $410.8M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.0¢ | 35.0¢ | $238.5K | 668.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 178600 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 9266 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| GRR (ASX) Chart |