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32.5¢ grange resources limited.

FY22 P&L prediction, page-55

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Somme

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90

11/12/22

11:41

Post #: 65261585
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Originally posted by Goodheart: ↑

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.

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Hi Goodheart,

With China increasing pellet production, do you know where I can find the following:

The Iron ore used is that local or imported?
What sort of % grade of Iron Ore is used?
Do they use local or imported coal or something else to provide power for the furnaces to make the pellets?

Thanks

GRR Price at posting: 94.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 32.5¢		Change 0.005(1.56%)		Mkt cap ! $381.9M

Open	High	Low	Value	Volume
32.0¢	33.0¢	32.0¢	$387.2K	1.195M

Buyers (Bids)

No.	Vol.	Price($)
21	148047	32.5¢

Sellers (Offers)

Price($)	Vol.	No.
33.0¢	369993	25

View Market Depth

No.	Vol.	Price($)
23	147524	0.325
24	718546	0.320
17	205867	0.315
21	443399	0.310
12	173831	0.305

Price($)	Vol.	No.
0.330	369993	25
0.335	135383	11
0.340	164785	12
0.345	52274	6
0.350	104256	6

Last trade - 13.21pm 18/06/2024 (20 minute delay)


Last 33.0¢			Change 0.005 ( 3.09 %)
Open	High		Low	Volume
32.5¢	33.0¢		32.0¢	402150
Last updated 13.40pm 18/06/2024 ?

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