Show us proof that Shagang has NOT received a significant discount worth $$$$$$ for previous off take agreement with GRR....
The new agreement fixes things a bit. GRR are a very profitable operation, No doubt. I own shares in them.
Management should be very careful. I'm not impressed.
With so much cash rolling in why did they break their own dividend payout mandate ratio for 1h 21?
They could have meet there mandate or exceeded it 5x and still have shit loads of cash for expansion / acquisition etc. Or are they going to line their own pockets with gold or perhaps instead go into another failed property development venture.
(20min delay)