Pellet Price, page-810

No offence intended but I found that an odd statement. We invest in shares for either the yield or the potential capital value increase - we hope for moth. I invested in GRR largely because:
1) basically and after franking dividend of 10%
2) it was cashed up
3) It had a relatively stable resource base
4) Set in contracts for half the production and did not seem to have many issues for shifting the rest
5) Potential growth (mainly the Southdown project

It's largely immaterial that there was not a one day movement of note in the SP - nor that other (very much larger I should add) Iron miners SP's went up by much more. GRR is at least a medium hold and the SP will go up over time. To be honest, we are sitting on a share that should be 30 cents so we have got in cheap in my humble opinion.