IMO, the actual answer to your question (the "bear case" for GRR) looks something like this:
1. GRR's majority shareholder (Shagang Group) is also its biggest customer. It's easy to see how this could create a conflict of interest.
2. GRR is a single-mine operation (so not geographically diversified). There's been little-to-no progress on our other resource - Southdown - for the last ~5 years.
3. GRR's management don't respond to E-mails, and when they do, their replies are somewhat opaque.
4. GRR's management aren't fantastic at returning money to shareholders. See the dividend policy discussed above.
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27.5¢ |
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Mkt cap ! $318.2M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 165214 | 27.0¢ |
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28.0¢ | 216694 | 7 |
View Market Depth
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9 | 187871 | 0.265 |
18 | 613041 | 0.260 |
10 | 183530 | 0.255 |
18 | 293692 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 216694 | 7 |
0.285 | 258612 | 8 |
0.290 | 693035 | 22 |
0.295 | 1661745 | 6 |
0.300 | 142550 | 3 |
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