GRR 5.26% 36.0¢ grange resources limited.

Yea the big winner was the stock pile of pellets, that will pay...

  1. 536 Posts.
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    Yea the big winner was the stock pile of pellets, that will pay for the Divy come end of year. Old mill changed out with no loss of cash flow is a fantastic achievement and shows these guys may not be the best at keeping the market informed but they know what they are doing operationally. Once second mill is replaced you might see a special divvy, expect cash has been hoarded for these changeouts as back up plans. Rather have a cash surplus than a debt ridden company always raising funds and diluting holders.

    Very happy camper here
 
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