GRR 0.00% 31.0¢ grange resources limited.

I've been running the numbers on a conservative outlook - all...

  1. 527 Posts.
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    I've been running the numbers on a conservative outlook - all numbers rounded to a worse position
    20% fall in the $ per t, so $430 *80% = $344
    Then an increase of 20% to costs per T, so $113 * 120% = $136
    So an estimate of $208 PpT * 2.0 mt = $416,000,000
    Tax etc = $125
    Available = $291,000,000
    plus cash already banked = say $300,000,000 (pure guess as to what cash will be at 30 June)
    what are they going to do with a war chest like that ....
    - acquisitions - why
    - dividends - maybe
    - buybacks - if the share prices rises to much then this becomes difficult to do on market buybacks due to % variance rules, off market buybacks could be interesting with a large franking account.

    just my gut feel
    GLTA

 
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