So GRR's COO and CEO are avoiding the elephant in the room - pellet prices.
From the article they are clearly trying to reduce costs by putting Southdown on ice and probably cutting jobs, moving from first class to business class travel for all board members, reducing wages and bonuses as well as removing the arnott's biscuits, BBQ shapes, and free vending machines from all kitchen areas.
The elephant in the room is, if the pellet price drops below $110 then Savage River may be put on ice.
Would be great to hear GRR's COO and CEO perception of the pellet price and ask if they are bullish on the pellet price why are they not buying their own stock?
If Grange did not have a lot of cash on hand it would be a real penny stock around 2 cents.
update from advocate article, page-3
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