Link to Q1 report is here. https://grange.blob.core.windows.net/public/32bc2e9c-c824-493a-817d-066f9a6038ad.pdf
At end Q1 Grange had:
- Cash and liquid investments of $258.6m
- Trade receivables of $73.4m
- 179,632t pellet stockpile. At 18 June pellet price of $424/t that is worth $76.2 million.
- 22,577 concentrate stockpile. At 18 June concentrate price of $371/t that is worth A$8.4 million.
Total cash and liquid, trade receivables and inventory as at Q1 was $416.6 million.
For Q2, miningnut estimated $254m in Sales. Cost of sales will be approximately $70m and I assume tax is around 30% leaving NPAT for Q2 around $129m but they are consistently reinvesting in Capex so I would assume net cashflow closer to $110m.
I would therefore estimate total cash and liquid, trade receivables and inventory as at June 30 will be around $526 million. If the share price doesn't move I think the EV of GRR will be zero around end of August. We are not quite there yet but very close.
- Forums
- ASX - By Stock
- GRR
- GRR Valuation
GRR Valuation, page-6
-
- There are more pages in this discussion • 494 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GRR (ASX) to my watchlist
|
|||||
Last
27.5¢ |
Change
-0.025(8.33%) |
Mkt cap ! $318.2M |
Open | High | Low | Value | Volume |
29.5¢ | 29.5¢ | 27.5¢ | $934.7K | 3.291M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 428270 | 27.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 104947 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 324432 | 0.275 |
12 | 177319 | 0.270 |
5 | 125319 | 0.265 |
13 | 177562 | 0.260 |
6 | 82272 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 104947 | 1 |
0.285 | 34000 | 1 |
0.290 | 35000 | 2 |
0.295 | 26509 | 1 |
0.300 | 280326 | 5 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
GRR (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online