Australia's largest stock trading and investment forum Australia's #1 stock forum

GRR

Click for more information

0.00%

27.5¢ grange resources limited.

Southdown Project, page-3

First 3 Last

Share
Profile

Follow
tokyo

13,661 Posts.

419

18/04/17

11:41

Post #: 24111030
Share

Originally posted by imunro ↑

It has been five years since the initial feasibility study for the Southdown was published. At the time, GRR estimated $2.885B to develop the project. That could easily be $4-5B today.

GRR claims to still be 'seeking partners for a strategic share of the Company's interest in the project', but has failed to attract anyone in five years. With a share price that rarely exceeds cash backing and a current market cap of <$200MM, any attempt to raise equity would massively dilute existing investors. And despite the healthy cash balance, GRR would wreck their balance sheet by taking on debt to fund the project.

How can this minnow ever realistically implement the Southdown project? Has GRR ever considered selling the project in its entirety and returning the proceeds to shareholders?

Expand

Sell Southdown and distribute to shareholders IMHO

GRR Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Making money: How many microcaps should be in an investor's portfolio?

Finance school vs reality: What they don't teach you about the stock market

There are more pages in this discussion • 8 more messages in this thread...

First 3 Last

Add GRR (ASX) to my watchlist

(20min delay)
Last 27.5¢		Change 0.000(0.00%)		Mkt cap ! $318.2M

Open	High	Low	Value	Volume
27.5¢	28.0¢	27.0¢	$650.3K	2.374M

Buyers (Bids)

No.	Vol.	Price($)
8	101843	27.0¢

Sellers (Offers)

Price($)	Vol.	No.
27.5¢	186480	1

View Market Depth

No.	Vol.	Price($)
8	101843	0.270
6	58453	0.265
16	528549	0.260
14	658317	0.255
17	913003	0.250

Price($)	Vol.	No.
0.275	186480	1
0.280	849594	10
0.285	477617	5
0.290	464205	6
0.295	184750	5

Last trade - 16.10pm 28/10/2024 (20 minute delay)

GRR (ASX) Chart