I agree. I think it has everything to do with the strong Aussie dollar. GRR probably just lost net 10% of Gross revenue for the qtr.
It's a problem that plagues resources stocks - especially those doing DFS at the moment, like Southdown.
Still the basic story of GRR is rock solid and upside exists in its fundamentals AND in the growth of steel (saw a report that said India needed to increase its steel capacity 40% by 2015) AND the eventual decline of AUD.
GRR, its GRReat mate!
I agree. I think it has everything to do with the strong Aussie...
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Last
36.0¢ |
Change
-0.020(5.26%) |
Mkt cap ! $416.6M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.3¢ | 35.5¢ | $1.161M | 3.169M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14701 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 292464 | 8 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| GRR (ASX) Chart |