GRR 2.47% 39.5¢ grange resources limited.

Iron ore pricd, page-22

  1. 1,452 Posts.
    lightbulb Created with Sketch. 67
    fine if you know better.
    just let you know what I have seen the last 20 years.
    Forget about 150 mln profit, look at the cashflows.
    what does it tell you when you have 200 mln + in cash and you do not even pay 1 c div(11mln).
    management sucks or they just desperate hanging on to the cash they have.
    please do not tell me they need the cash for SD, mngmtn is not capable to get that baby of the ground.
    The whole company is runned by shagang, the only goal they have is to get their pellets feed, and that is it.
    they don not care about shrhlds value at all.
 
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