Some possible ideas:
1) Erosion of IO price. This may be driven by Chinese jawboning about cutting steel production to curb air pollution.
2) Fear that the GRR BOD may not pay a reasonable dividend.
3) Profit taking by traders/investors who bought in much lower (15-20c a year ago).
SP slumped this morning to 64c, very close to the support line. If it can hold this level; great. It may climb again if good dividend ANN.
If it drops below about 62c I'd say support would be broken.
All just IMO; not advice. DYOR
GRR Valuation, page-392
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Last
24.0¢ |
Change
-0.010(4.00%) |
Mkt cap ! $277.7M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.3¢ | 24.0¢ | $441.8K | 1.789M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 177956 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 20896 | 3 |
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| Last trade - 16.10pm 16/09/2024 (20 minute delay) ? |
| GRR (ASX) Chart |