GRR 4.08% 25.5¢ grange resources limited.

Ann: GRR - Quarterly Report for 3 months ended 30 June 2017, page-3

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  1. 15,774 Posts.
    lightbulb Created with Sketch. 268
    not very good is a ,assive understatement
    cash and receivables down 32m
    inventiries down to almost nothing , if youadd those in thee is another 14.5 gone so they have gone backwards by 46 m for the quartr and it doesny sound like problems have ben sotred .
    almost certaim next quarter will have cash costs in the 120plus range and they have in the last year managed to offload their huge inventoriess without much to show for it
    they now have no safety net and stll sem t have production issues and intergrity issues with the wall
    these was on the cards but even i didnt imagne such a weak outcome
 
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