GRR 2.08% 23.5¢ grange resources limited.

Ann: GRR - Quarterly Report for 3 months ended 30 September 2018, page-21

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  1. 6,756 Posts.
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    In the quarterly on pg2, CEO Honglin Zhao said: "...the teams have done well to dewater the pit and to minimise the overall impact for the year."
    As planned production was 2.6mil tonnes, I will be happy with 2.5mil - that would satisfy the definition of 'minimise'. I think it's fair to be talking about concentrate production for this forecast and that currently sits at 1.751 mil tonnes at 30Sept, so another 749 mil tonnes for the Dec quarter will be a good test. Considering that concentrate production was 705.4 mil tonnes in the June18 quarter then this goal for the Dec18 quarter should be possible especially as we have commissioned the three new monster trucks since the end of June.
    Bring it on together with the just-in-time shipping.
    Overall market down 2% today with Grange up 5% so happy to be hiding in here at the moment.
 
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