Ss
I have only held for 2 months so i don't know how I have been talking them up for months . You are correct that I said I sold because I thought the price would fall more than the divi , because it was bid up due to divi . The day before divi ann it dropped to 26.5 cents and was falling along with other IO stocks . The divi was ann and it regained strength while other IO stocks continued to fall
Often on Hc people struggle with the fact that I can be positive on a stock and then sell . The market is fast moving and valuations change on underlying metrics . You can't tell me the IO price fall and the subsequent margin compression is not something that changes GRRs valuation
I explained why I was selling . I have also articulated when I would buy back and why.
I don't not like the stock - I simply think current IO prices will weaken more and that GRRs margin may fall to 30-35 per tonne . This halves the margin they were achieving at the start of the year if it happens .
I hold PRU and ROC , if gold or oil fell by 15% in a month I would likely change my valuation on those. The danger in investing is not altering your inputs when these inputs change . That's all
I have done , change my pellet price assumption to circa 135 for the year. At that price 21-22 becomes a safe entry for me. Not suggesting IO pellets will do to 135 or that price will drop to low 20s - just explaining my rationale
- Forums
- ASX - By Stock
- the new darling of io producers
SsI have only held for 2 months so i don't know how I have been...
Featured News
Add GRR (ASX) to my watchlist
(20min delay)
|
|||||
Last
41.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $480.2M |
Open | High | Low | Value | Volume |
42.0¢ | 42.0¢ | 41.0¢ | $746.8K | 1.796M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 520933 | 41.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 22719 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 520933 | 0.410 |
15 | 555844 | 0.405 |
43 | 849296 | 0.400 |
14 | 409176 | 0.395 |
27 | 552554 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 22719 | 3 |
0.425 | 228114 | 7 |
0.430 | 581035 | 16 |
0.435 | 532433 | 12 |
0.440 | 400824 | 16 |
Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
|
|||||
Last
41.5¢ |
  |
Change
0.000 ( 0.22 %) |
|||
Open | High | Low | Volume | ||
42.0¢ | 42.0¢ | 41.0¢ | 876735 | ||
Last updated 15.59pm 22/05/2024 ? |
Featured News
GRR (ASX) Chart |
The Watchlist
RDN
RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
SPONSORED BY The Market Online