GRR 2.13% 23.0¢ grange resources limited.

I guess they were. (for the handful of people who read this the...

  1. MR.
    340 Posts.
    I guess they were. (for the handful of people who read this the first two posts are a year old)

    Q. Are the frustrating times similar to now?

    Q. What happened leinad some weeks after your post about the 170's?

    For weeks shares have been carefully bought. The buyer/s don't show their intentions but appear to be there with their small orders. Increasing as required. Quite clever. But why not, look at the depth, there appears to be very little support. Remain shy and buy even lower.

    Why would you support Grange anyway! 1) magnetite company and 2) They need HOW much money? Basic 2 second research and there out of here off to some over priced DSO (hematite) company. Thats what almost every article you read recommends and thats what is done. Many of those DSO companies will not be able to turn a profit (if) the price of ore retracted. But its all about fast money! ??

    Whats going to prop up all this poor quality DSO Hematite? The answer is "Magnetite". All that money Grange requires, but the demand is there for DR pellets or even BF pellets so because of the sum it doesn't mean its not going to happen. Someone has to build it!

    I'm not letting any of my shares loose. This share price could jump very quick. As per John Veldhuizen's latest report "Production Offtake and Financing Key Risks" So if offtake and financing are the risks do you realize these will most likely conclude in one announcement!

    Geoff Wedlock our old MD left Grange and I understand cashed in all his shares. He is a director of GBG now and he appears to have only re-invested less than 5%. This is proof to me that he is not a man of vision. He also missed a nice opportunity in the low 70's in GBG. Glad he has moved on from Grange. Lets hope Russell has more of a vision. The latest company presentations have improved.

    I don't think this company will take two years to move!

    But we all have our opinions.........


 
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