GRR 1.92% 25.5¢ grange resources limited.

just got a call back from Mickeal the Coy Financial officer ......

  1. 13,783 Posts.
    just got a call back from Mickeal the Coy Financial officer ...

    he says GRR
    sales of Pellets is solid / strong ..
    cash holding is Solid in bank ..
    Premium on Pellets is Huge ..

    he agreed that .GRR produce fine iron pellets at breakeven cost of $US87 a tonne, and the iron pellets is currently trading around $US107 a tonne.
    he said Costs will drop another $10 as is their target.

    Chinese Directors have no intention to Takeover GRR .

    He and Directors own shares ..Divs are important to them too .

    End of year report will be a ripper .
    Last edited by gonegassed: 12/12/14
 
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