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
Hi all back from o/seas break ( well almost - in Singapore now )...
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Last
36.0¢ |
Change
-0.020(5.26%) |
Mkt cap ! $416.6M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.3¢ | 35.5¢ | $1.161M | 3.169M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14701 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 292464 | 8 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| GRR (ASX) Chart |