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GRR

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26.0¢ grange resources limited.

When the boat comes in???, page-1462

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alex123711

625 Posts.

24

19/10/20

13:21

Post #: 48201048
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Originally posted by rocket973: ↑

It never pays to fall in love with a stock, nor does it pay to be impatient.
I've been a holder of Grange for more than 13 years so I've seen the ups and downs, plus being a good friend of a past Chairman has given me depth of knowledge that many don't have.

" I think if you dig into ownership/structure there's a bit more to it than that. "

My knowledge of GRR management is far more than you realise.
Some months ago you had the opportunity to buy GRR shares at 15 to 16 cents. I did.
The gain on shares bought at 15c is 60%. Profit is always related to the price you originally purchased the shares. The GRR shares I bought some years ago at 8c are up 300%.
The dividend and Franking credits far outweigh any other shares.
Buying FMG when it was 20 cents is far better.
When I bought ALL at $2.70 is far better too. I remember having discussions with shareholders like yourself some years ago when ALL was at $2 to $3, look at the shareprice now ie $30. I've had 3 new 4x4 vehicles over the time in profits. I laugh at those dimwitted people who suggested I sell at $4.
I've stuck with GRR over the years, the Grange divi I get paid now is 4 times the pension and the Franking Credits an extra bonus.

"I've grown very fustrated with management."

Yes, the real estate venture was plain dumb, I won't deny that. Hopefully the lesson has been learnt and they don't venture down that track again.

Maybe when you look at Grange in a few years time it will no longer be 24-25c. Its downside is limited and the upside is at least double.

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When did you buy at 8 cents?

GRR Price at posting: 24.8¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 26.0¢		Change 0.005(1.96%)		Mkt cap ! $300.9M

Open	High	Low	Value	Volume
26.0¢	26.5¢	25.5¢	$224.3K	860.7K

Buyers (Bids)

No.	Vol.	Price($)
4	121209	26.0¢

Sellers (Offers)

Price($)	Vol.	No.
26.5¢	286541	9

View Market Depth

No.	Vol.	Price($)
2	117055	0.260
2	100004	0.255
13	325215	0.250
4	204234	0.245
15	306029	0.240

Price($)	Vol.	No.
0.265	279593	8
0.270	134037	4
0.275	357994	6
0.280	190500	6
0.290	154000	5

Last trade - 16.10pm 11/10/2024 (20 minute delay)

GRR (ASX) Chart

When the boat comes in???, page-1462

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When the boat comes in???, page-1462

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