$256/t price achieved, have to love GRR's premium 65% pellets over competitions lower grade fines which have crashed hard lately.
GRR printing money as usual. Yet here we are at $576m market cap, way less than June's $894m equity / net book value. Only a matter of time before market catches up to the realisation that GRR needs a minimum $20/t iron ore price to be profitablel; not withstanding the $420m cash from June + many tens of millions more collected since.
Quarter ends shortly, bring out the results, let that do the talking.
Next Ship, page-422
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Last
37.5¢ |
Change
0.010(2.74%) |
Mkt cap ! $434.0M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.0¢ | 36.8¢ | $355.7K | 952.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29999 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 61833 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| GRR (ASX) Chart |