I wouldn't like to say porpy7777. I can only say that I've been trading GRR over quite a few years, never lost but I have been in over my head when I paid too much but then bought in big at below 10c - so you can do it. I have been completely surprised with management of the company, even now with record premium pellet prices where are the announcements ? The econometrics all stack up, $195M cash in bank, NTA 38c, AU$230/t for pelletts.....its the unknown with management thats the problem IMO - you don't know what they will do with our profits and who knows what C1 will be ? The FF 2c divy FY17/18 should have been 3-4c IMO and that would put a rocket on the SP. The SP has been range trading between 16-19c since the winter steel reduction policy in China ended in March this year, it had lifted from 19c since the announcement on the 1c divy on 28/8/19 and I don't know if the market has factored in pellett price. The premium on pellett price hasn't been this high since 11/12 as someone remarked and when they declared a 5c divy consequently the SP was much higher.
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Last
23.5¢ |
Change
-0.005(2.08%) |
Mkt cap ! $266.1M |
Open | High | Low | Value | Volume |
24.0¢ | 24.5¢ | 23.5¢ | $96.74K | 403.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 311733 | 23.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.0¢ | 11914 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 219779 | 0.270 |
9 | 458580 | 0.265 |
26 | 932290 | 0.260 |
7 | 172530 | 0.255 |
22 | 717920 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 405759 | 8 |
0.280 | 942702 | 17 |
0.285 | 372332 | 13 |
0.290 | 1710676 | 31 |
0.295 | 651900 | 8 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
GRR (ASX) Chart |