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35.5¢ grange resources limited.

So what you're saying according to you last paragraph is it's a...

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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
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(20min delay)
Last 35.5¢		Change -0.005(1.39%)		Mkt cap ! $416.6M

Open	High	Low	Value	Volume
36.0¢	36.5¢	35.0¢	$354.9K	1.000M

Buyers (Bids)

No.	Vol.	Price($)
20	56501	35.0¢

Sellers (Offers)

Price($)	Vol.	No.
35.5¢	113492	18

View Market Depth

No.	Vol.	Price($)
20	56501	0.350
18	311182	0.345
9	615284	0.340
13	235222	0.335
11	441483	0.330

Price($)	Vol.	No.
0.355	119911	18
0.360	177884	16
0.365	192796	6
0.370	94392	4
0.375	181335	5

Last trade - 13.17pm 21/06/2024 (20 minute delay)

GRR (ASX) Chart

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