Hi all
back from o/seas break ( well almost - in Singapore now ) with a few hrs to spare .
After further probing I have recently discovered why GRR price is weak . Metals bulletin price we have been using is a non FOB price , so to work out FOB price I am advised one must minus about 15-20 in transportation costs per tonne . If we then add the fact market is soft and GRR may be forced to sell product at discount , then GRR could truly be a break even ( even slightly loss making producer ) at current spot .
I had added to my positions at 15.5 , 15 and 14.5 , but recently exited at 16.5 -18 last 2 weeks based on above .
I apologise to the poster who raised this about 2 months ago , who I suggested lacked knowledge when it was infact I and many others who haven't understood GRR product price received
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Hi all back from o/seas break ( well almost - in Singapore now )...
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Last
34.0¢ |
Change
-0.010(2.86%) |
Mkt cap ! $393.4M |
Open | High | Low | Value | Volume |
35.5¢ | 36.0¢ | 34.0¢ | $649.1K | 1.867M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 69925 | 34.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 45046 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 69925 | 0.340 |
9 | 217285 | 0.335 |
18 | 434082 | 0.330 |
5 | 71318 | 0.325 |
22 | 265401 | 0.320 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 45046 | 2 |
0.355 | 95818 | 3 |
0.360 | 104040 | 4 |
0.365 | 23942 | 1 |
0.370 | 191232 | 4 |
Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
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