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33.5¢ grange resources limited.

GRR Qtrly report, page-57

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Thompsjz69

1,583 Posts.

26/10/15

21:49

Post #: 16257846
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Originally posted by ValueSeeker ↑

Rocket & Trippa,

I understand Trippa's worries about C1 being 78 AUD per ton and I disagree with Rocket's reference to the increase in stockpiles as C1 has nothing to do with it. Pellets produced were at a record along with concentrate. C1 is the total of mining and production costs over the tons of pellets produced. Inventory movements are excluded.
The problem with your analysis Trippa is that this quarter was unusual as we had down time of 50 days or so to replace the mill. The costs for July must have been exorbitantly high. Lets not forget the company's prior announcement that cash costs for August were below 70 AUD probably 68 AUD. So we will have to wait until year end to find out the normalized c1.
And btw cash stayed roughly flat but no mention was given to any increase in debt/finance leases, these were 14 million last quarter.
All in all a very good report, the takeaway is that the company is about to lower costs significantly with 2 new mills and most infrastructure completed after Tailings is done. So expect huge cash flow accumulating on Balance Sheet as capex will be minimum.

Good luck to all!

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So what you're saying according to you last paragraph is it's a perfect time to be accumulating this stock.

GRR Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 33.5¢		Change -0.005(1.47%)		Mkt cap ! $393.4M

Open	High	Low	Value	Volume
34.5¢	34.5¢	33.5¢	$100.5K	295.6K

Buyers (Bids)

No.	Vol.	Price($)
18	349536	33.5¢

Sellers (Offers)

Price($)	Vol.	No.
34.0¢	204053	21

View Market Depth

No.	Vol.	Price($)
15	318183	0.335
24	527605	0.330
11	137774	0.325
28	276485	0.320
9	155943	0.315

Price($)	Vol.	No.
0.340	204050	21
0.345	181891	13
0.350	44519	6
0.355	135396	7
0.360	136604	8

Last trade - 10.37am 24/07/2024 (20 minute delay)

GRR (ASX) Chart

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