GRR 4.76% 30.0¢ grange resources limited.

While everyone is complaining about the SP not reflecting the...

  1. 878 Posts.
    lightbulb Created with Sketch. 862
    While everyone is complaining about the SP not reflecting the fundamentals, I am, for one, delighted that this stock exists and stays that cheap.

    All through 2020, If, after a couple of paychecks, I didn't have the time to do enough research or it failed to identify a good bargain, GRR has been my go-to stock to park the money in.

    It has slowly crept up to 9% of my portfolio (225k shares) and has already paid 12.5% of gross dividends for my average.

    It has minimal downside, reasonable upside and amazing yield. They could make half the money and still easily give the same dividend.

    I hope it stays under 28.5c forever as that equals a 10% gross yield which I've set up as my psychological buying limit. Unless they start giving 2c dividends or get serious about block caving, then I'll reassess.
 
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Last
30.0¢
Change
-0.015(4.76%)
Mkt cap ! $347.2M
Open High Low Value Volume
31.0¢ 31.0¢ 30.0¢ $125.4K 410.5K

Buyers (Bids)

No. Vol. Price($)
50 869016 30.0¢
 

Sellers (Offers)

Price($) Vol. No.
30.5¢ 278614 20
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Last trade - 11.28am 05/08/2024 (20 minute delay) ?
GRR (ASX) Chart
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