change in fortunes!, page-2

Challenging is certainly the right word.

Given (i) cash backing (ii) expected profit margins/cash flow on pellets at current price levels and (iii) expected dividends of around 2 cps (my guess), I am happy to continue holding and am seriously considering adding to my position even though I expect the headline I/O prices to weaken further. Sentiment is bad but it won't always be the case.

To paraphrase Lord Rothschild - buy when there's blood on the streets even if it's your own. If GRR keeps kicking out a 2 cps dividend I can afford to be patient for as long as it takes.