GRR 3.64% 26.5¢ grange resources limited.

IMO GRR 31 Dec 2017 Bsht may have A$185m cash plus A$25m...

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    IMO GRR 31 Dec 2017 Bsht may have A$185m cash plus A$25m receivables.
    Maybe there's more cash if Gaz's GRR estimate Q4 report C1 of $62.00 and below $80.00 which may result given high utilisation rate and well over the high fixed cost base.
    Production and shipments in Q1 2018 remains an unknown however GRR may have already loaded / shipped >110k t in calendar 2018. 31 Dec 2017 pellet stockpiles may underpin a good level of shipment Q1 even taking into account any scheduled maintenance / shut down in Q1.
 
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