GRR 7.14% 26.0¢ grange resources limited.

What can GRR do with its excess cash, page-103

  1. 1,389 Posts.
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    I don't think they will take over anyone. However something from legt field

    1) sell southdown for a $150mil
    2) buy 100% of Hawsons for $30m in script. It has a MC of about 10 mil for a massive high grade deposit. But there are some tricky legal issues there now with a minority holder.

    I think the board will be more focused on the largest shareholders interest, so it will depend what they want. Do they want cash, another deposit developed or something else.
 
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