$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
25.0¢ |
Change
0.005(2.04%) |
Mkt cap ! $289.3M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 24.5¢ | $340.7K | 1.376M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 225779 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 84794 | 3 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| GRR (ASX) Chart |