short term trading weekend starting 17th jan, page-3

Entry for STT list
GRR grange resources. FA. Iron ore in tas and wa

Tip courtesy of the GRR thread with an outstanding summary and trigger of quarterly with a market that will clearly wake up soon.......

Cash at 30 Sep = $138.6m
Pellet Production = 446937t
Sales = 536503t
Price = $145.87
Revenue = $78.26m
Inventory = 181778t

Cash at 31 Dec = $159.9m
Dividend Payment = -$11.6m
Pellet production = 619414t
Sales = 594291t
Price = $161.42
Revenue = $95.93m
Inventory = 235452t

Change in Cash position = 159.9 + 11.6 - 138.6 = $32.9m
Total Expenses = 95.93 - 32.9 = $63m
Total cost per production unit = AUD $101.75

got an extra 50kt in inventory buildup worth an extra $8.5m

The lack of interest is amazing, over $40m in profit for the quarter against a market cap of $272m which is $160m cash backed. Annualising this quarter's profit gets you $160m profit against an EV of $112m... unbelievable.

Taking the opportunity

Divi payer around 10% at current price and speculated to increase