I stumbled across GRR by reading their FY report in February, have been accumulating ever since and it is now my largest holding.
Like others on here I've been wondering what I could possibly be missing. Building a projection for FY21, even in a pessimistic scenario where production is soft, iron ore pricing falls off a cliff, the AUD surges and Grange are unhedged, and their tax rate normalises in the high 20%'s the numbers still look compelling.
The price inevitably has to run eventually, but in the meantime I am more than happy to keep building a very nice stake at this price.
Pellet Price, page-606
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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 |