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
31.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $364.5M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 31.5¢ | 30.0¢ | $1.333M | 4.317M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 116755 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 93895 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| GRR (ASX) Chart |