I suspect that, while there will be upsa and downs, the current upward trend is being driven through expectations because the annual report is so close. Only natural that the prospect of an SP in the 90 cents to $1 range being plausible and maybe probable (given a modest 4 cent dividend) and the prospect of a significant gain in a month or so would increase interest in acquiring GRR shares at the moment - and that nterest will support the current SP and perhaps give it some impetus to rise.
The end game is what the impact of the annual report and the dividend announcement will have. I think the smart money is on a higher SP anyway.
In the meantime everyone is still interested in the current SP and will get excited by it.
Grange's Iron ore pellets at A$427/tonne, page-197
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Last
37.5¢ |
Change
0.010(2.74%) |
Mkt cap ! $434.0M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.0¢ | 36.8¢ | $355.7K | 952.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29999 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 61833 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| GRR (ASX) Chart |