Hi Miningnut,
I totally agree that the SP has been rising in sympathy and not on merit . . . comparating yields is a good example.
GRR's yield is being eaten away by the excessively low pellet premium, something that the other miners do not have to contend with.
The pellet premium is what separates GRR, something that once covered all of C1 costs, now it is negatively impacting the bottom line as it now does not cover downstream processing costs at Port Latta.
With China's massive increase in domestic pellet production it is difficult to imagine how the pellet premium will recover.
FY22 P&L prediction, page-54
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Last
41.8¢ |
Change
0.003(0.60%) |
Mkt cap ! $483.1M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 42.0¢ | 41.0¢ | $502.6K | 1.208M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 81831 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 194096 | 32 |
View Market Depth
| Last trade - 14.16pm 22/05/2024 (20 minute delay) ? |
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Last
41.8¢ |
Change
0.003 ( 0.38 %) |
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| Open | High | Low | Volume | ||
| 42.0¢ | 42.0¢ | 41.3¢ | 358041 | ||
| Last updated 14.02pm 22/05/2024 ? | |||||
| GRR (ASX) Chart |