@Autosime says, "your expectation of a massive rerate now is a little unwarranted."
My expectation is based on...
By all reports (GRR anns included) the company has strong revenues (forward orders 2016-17), little debt, upgraded plant & equip, good long term mining assets (Savage R & Southdown) and big Cash holdings ($150mil+).
@Autosime are the above facts not enough to expect the that GRR not trade below Cash levels?
But really the term rerate is probably misleading in this instance. To be clear, what I'm saying is the sp shouldn't be where it is and it shouldn't have been suppressed for so long and certainly should not still be suppressed at this point in time.
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@Autosime says, "your expectation of a massive rerate now is a...
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Last
25.0¢ |
Change
-0.010(3.85%) |
Mkt cap ! $289.3M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 26.5¢ | 25.0¢ | $668.5K | 2.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 111945 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 37336 | 6 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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