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2.05%

37.3¢ grange resources limited.

Thanks Miningnut, On FEX agree, very agressive management, which...

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darp

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20/06/24

00:15

Post #: 74400464
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Originally posted by miningnut: ↑

GRR probably only went on a tear because it paid two 10c dividends - that rate was never sustainable but the market wanted to believe it was. I'm not bullish on GRR this year because of their proposed funding solution to the North Pit underground development which entails relying on a substantial portion of future cash earnings to fund it that might not be realistic. I'm not bullish on the IO price outlook for the second half of 2024.
FEX is a small player that has good aggressive Management wanting to expand their operations - I would be wary of future capital raisings to achieve their ambitions - their main producing asset Iron Ridge now has only two years remaining of reserves plus another two years of inferred resources, so I would rate this as a short mine life - whether they can replace this quality mine asset is problematic - I think there is little chance of an increase in the 2c annual dividend this year. I'm not a buyer.

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Thanks Miningnut, On FEX agree, very agressive management, which so far has been coupled with good execution. They have lined up several more mines or rights to other mines, and have the port and transportation subsidiaries. Thanks for comments on GRR.

GRR Price at posting: 33.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 37.3¢		Change 0.008(2.05%)		Mkt cap ! $428.2M

Open	High	Low	Value	Volume
37.0¢	37.8¢	36.8¢	$209.0K	562.3K

Buyers (Bids)

No.	Vol.	Price($)
20	226283	37.0¢

Sellers (Offers)

Price($)	Vol.	No.
37.5¢	67480	12

View Market Depth

No.	Vol.	Price($)
20	226283	0.370
13	216898	0.365
10	109558	0.360
10	294718	0.355
13	605309	0.350

Price($)	Vol.	No.
0.375	71042	13
0.380	192215	13
0.385	136283	14
0.390	123324	11
0.395	231554	8

Last trade - 12.59pm 12/07/2024 (20 minute delay)

GRR (ASX) Chart