Smart move, that's what I've been doing selling TTY and buying GRR.
Grange has $156 million in the bank and it's building daily.
Grange is making the most of the record IO prices and will have $200 million in the bank by 30th June. They're also paying down debt which is now only $43 million.
The PFS for Southdown is due out in a couple of weeks, and then it's full steam ahead.
Grange has first class management.
TTY on the other hand has management that can only be described as clowns, good for a laugh but little else.
Two years ago the chief clown( Andrew Simpson ) told TTY shareholders of their plan to make a major acquisition.
He can "talk the talk" but doesn't know how to do the "walk the walk"
Maybe all TTY shareholders should listen to the crap sprouted by Andrew Simpson on the 22nd April 2009 on Boardroom radio. Nothing but 'hot air' and no substance.
http://www.brr.com.au/event/57129/resourceful-events
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