I will start the debate...with the iron ore price where it is...is it time GRR cut its losses, stop mining at SR, and return cash to shareholders? If conditions improve in future, it can come resume operations.
Not ideal but better than seeing its cash pile gradually disappear as it continues with loss-making operations.
Time to shut up shop
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Last
36.5¢ |
Change
0.005(1.39%) |
Mkt cap ! $422.4M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 37.0¢ | 36.0¢ | $608.4K | 1.666M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22212 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 29809 | 3 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| GRR (ASX) Chart |