GRR 2.78% 37.0¢ grange resources limited.

Suggest there must be a high likelihood for over 20kt winds...

  1. 165 Posts.
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    Suggest there must be a high likelihood for over 20kt winds imminent as the SBI Zumba load departed Port Latta late night and the CL Rizhao remains moored at Port Latta anchorage for last 24 hours. Also the high IO pellet and premium price may have Asian offtakers unhappy to pay current high pellet price. This delay in shipments arriving and departing Port Latta should give GRR the opportunity to build pellet stockpile as Vale-Brazil 65%FE supply is at best "unreliable" so positive prospects for elevated pellet prices especially with China super-mills blast furnace steelmaking utilisation rates well over 90%.
    I hope to see the real estate inventory of the 6 completed Toorak apartments and the Brookville DA approved development project site sold and settled before 30 June 2021. Just divesting and setlling the RE inventory would fund $0.02 - $0.025 dividend without the core-business pellet operation NPAT contribution to be delivered by 30 June 2021. The interim actual GRR performance for first two months of this half at current pellet margins would generate big profits and free-cash build.
 
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Last
37.0¢
Change
0.010(2.78%)
Mkt cap ! $428.2M
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36.5¢ 37.5¢ 36.0¢ $958.8K 2.616M

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No. Vol. Price($)
1 136986 36.5¢
 

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Price($) Vol. No.
37.0¢ 33887 1
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Last trade - 16.10pm 26/06/2024 (20 minute delay) ?
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