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.
Challenging is certainly the right word.Given (i) cash backing...
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.8¢ | 23.0¢ | $388.3K | 1.673M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 650756 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 105687 | 4 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| GRR (ASX) Chart |