GRR 2.53% 38.5¢ grange resources limited.

Unfortunately it has become necessary to change my Q3...

  1. 10,510 Posts.
    lightbulb Created with Sketch. 2096
    Unfortunately it has become necessary to change my Q3 predictions but it's all for the better - one of the shipments is now not a Shagang shipment so the unit price has increased and there is also a hint in the Half Year Accounts that the Brookville land has been sold.
    Final Q3 predictions with last quarter's(Jun21) actual figures in brackets:
    1)Average sales price received US$198.80/$A271.20(US$287.15/$A373.72)/t
    2)Unit cash operating cost $A92.00($A90.16)/t
    3)Concentrate production 685kt(678kt)
    4)Pellet production 665kt(655kt)
    5)Pellets sold 653kt(653kt), Chips sold 30kt(40kt)
    6)Pellet stockpile 191kt(181kt), Concentrate stockpile 25kt(25kt)
    7)Cash at bank $A514mil($A416.4mil), Trade receivables $A53mil($A83.2mil), Combined $A567mil($A499.6mil)

    Reconciliation of cash at bank(incl liquid investments) in $Amil:
    Cash at 30Jun 416.4
    Sales revenue +185.3
    Change in receivables +30.2
    Mining & production costs -63.0
    Royalty costs -9.5
    Admin costs -1.5
    Interest received +2.0
    Income tax paid -14.0
    Property receipts +12.5
    Payout to Property JV partner -8.6
    Exploration & evaluation -0.5
    Plant & Equipment -20.0
    Exchange on USD cash +7.2
    Dividend paid -23.1
    Cash at 30Sep 514.0
    2018-20 Grange ships (Recovered).pdf
 
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