Short Term trading Week Starting: 24 Oct, page-578

STTCOMP GRR FA LONG

Cash: $134 mill
Shares:1,157 billion
MC: $133 mill

Does have 793,093 Performance Rights so add that if want fully diluted

I think the recent IO rally will have an effect on GRR hence the tip, the FA on GRR is pretty decent, Good cash, team & quality Fe.

From reports:

Iron ore producer Grange resources

This upward movement from the previous quarter is consistent with the rebound in benchmark 62% Fe iron ore prices (CFR China), although there is much uncertainty to the future direction of the iron ore prices. Grange’s high quality, low impurity products continue to attract a premium price in comparison to benchmark 62% Fe iron ore products.

We have successfully secured term off-take agreements to sell all products that were uncontracted for 2016. This also includes commitments for sales in 2017 in addition to the longterm offtake agreement.