I agree with miningnut that anything less than 1c divi will be unacceptable. Grange has always paid a good divi when they've had the ability to do so, on two occasions the divi has been higher than expected. I'd expect GRR will get a lot of unhappy shareholder emails if a minimum divi of 1c isn't paid.
China will continue on its plan to cut unnecessary and high polluting steel production in 2018, this will prove to be a bonus for Grange's pellet production.
Pellet Price, page-174
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