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

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