GRR

0.00%

33.0¢ grange resources limited.

Mr Andrew Hodge of Wood Mackenzie, page-4

First 4 Last

Share
Profile

Follow
Thompsjz69

1,583 Posts.

25/02/15

13:49

Post #: 14815993
Share

Originally posted by rocket973 ↑

I think this clown deserves his own heading, not often do we get Senior Analysts who are so foolish to write such uniformed drivel and then will not even admit they are wrong.

Its important that investors make wise, informed decisions about which companies they choose to invest in. As we all know not all iron ore firms are equal, and not all iron ore receives the same price.
So as investors we need to pay close attention to the location of the mine, the cost per ton which includes transport of iron ore to port and also the type of iron ore and grade that the firm is selling.

Most investors in Grange realise that the mine is located in Tasmania ( Labour cheaper), transport to port is cheap (slurry pipe line), iron ore product (pellets) is the most valuable (pellet premium) and most likely the management are a cut above the average ( Chinese smartest business people, although most Westerners might disagree ).
A higher grade iron ore product is preferable for steel firms in China as the Gov't cracks down on polluters, and the increase in premiums will help cushion the decline in the benchmark price.
This is what is happening at Grange Resources.
China’s crackdown on smog is providing a prop up to prices, but only for high-quality ore and pellets.

"Steel mills are a major polluter and the major pollution they put into the air comes from sulphur."
"Sulphur is a by-product of producing low grade iron ore like red dirt that comes out of the Pilbara region at 50 to 60 per cent contains a fair bit of sulphurous base."
"In order to fix that problem they like to mix in really high-grade product which Grange produces, which has hardly any sulphur in it and no impurities, to blend it in with the low grade product."

The pellet price premium of US$40/tonne or AUD$52 is more than some IO miners are receiving for their fines total.
Grange ships pellets so shipping cost per Fe% is less /tonne ie. less waste product and thus saves money on freight for the purchaser.

The question I'd like to ask is, if Grange investors realise all of the above, then how come a SENIOR ANALYST like this Andrew Hodge of Wood Mackenzie doesn't have a clue.
What does he do at work?
Most likely updating his Facebook page with selfies

Expand

I think Spuds Mackenzie the dog is better informed than Wood Mackenzie.

GRR Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

HXL

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

OPL

Opyl forms JV with UK and US consortium to bring products to the world

AAI

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

There are more pages in this discussion • 18 more messages in this thread...

First 4 Last

Add GRR (ASX) to my watchlist

(20min delay)
Last 33.0¢		Change 0.000(0.00%)		Mkt cap ! $384.8M

Open	High	Low	Value	Volume
33.0¢	33.5¢	33.0¢	$168.5K	508.9K

Buyers (Bids)

No.	Vol.	Price($)
6	102285	33.0¢

Sellers (Offers)

Price($)	Vol.	No.
34.0¢	47132	2

View Market Depth

No.	Vol.	Price($)
6	102285	0.330
8	223272	0.325
18	425958	0.320
8	207592	0.315
14	215793	0.310

Price($)	Vol.	No.
0.340	47132	2
0.345	127614	5
0.350	29427	2
0.355	76577	2
0.360	28222	2

Last trade - 16.10pm 26/07/2024 (20 minute delay)

GRR (ASX) Chart

Mr Andrew Hodge of Wood Mackenzie, page-4

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

Geochemical work at Newington picks up gold and copper anomalies for Midas

Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

Opyl forms JV with UK and US consortium to bring products to the world

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Mr Andrew Hodge of Wood Mackenzie, page-4

Top Stories

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

Geochemical work at Newington picks up gold and copper anomalies for Midas

Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

Opyl forms JV with UK and US consortium to bring products to the world

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News