GRR 3.95% 39.5¢ grange resources limited.

Yes Olleydog - very positive news. Good to know the GRR niche...

  1. 165 Posts.
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    Yes Olleydog - very positive news.
    Good to know the GRR niche and high spec magnetite product and premium pellet should attract a high price and demand that currently exceeds A$200.
    I noticed the Santa Regina is now off the Nth NSW coast and seems to be on track for arrival at Port Latta on 22 May 2020 and Medi Sydney two weeks later.
    GRR Q2 completed loads and scheduled next vessels should deliver strong profits and cash flow thus I'd be optimistic that GRR's half- year results and trading may exceed those demonstrated in the 6 month ended 30 June 2018 (6/2018 Revenue A$189m and NPBT $80m).
    Maybe the GRR AGM next Thursday may provide further insights but not holding my breath.
 
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