HIO 4.35% 2.4¢ hawsons iron ltd

GRR might be rolling in cash but they are essentially Chinese...

  1. 1,461 Posts.
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    GRR might be rolling in cash but they are essentially Chinese owned/controlled. Share holder trust in current management is non existent.

    I held GRR for a while but there are very deep issues there which explain the crazy valuation. GRR shouldn't be compared to anything as it's pretty unique.

    I doubt anything like fair value for them will happen anytime soon. And it isn't (despite some sugestions on GRR HC threads) a growth stock. The price appears to be solely driven by the dividend yield.

    But there is a lesson here for HIO. Under no circumstances should they (and we as share holders) accept a significant Chinese stake. Something that has been prevented previously so management is acutely aware of this.
 
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