When the boat comes in???, page-146

The Your Money (Foxtel) session referred to above was on about 12.31pm AEDT. David Novac said he had met with Chair & CFO last week in Perth.  He has provided Chair & CFO with a number of recommendations.
He suggested to them (i) cleaning up about 1,000 shareholders who hold unmarketable parcels via off-market buyback (ii) appoint an Investor Relations executive; (iii) have independent report produced for inclusion on the balance sheet.  Had high level of optimism that 12 month net profit (Period ended 31 Dec 2018) was much higher than $100m and PE of 2x.  The other key words he corrected the other commentator was that GRR was a pure magnetite iron ore pellet producer.  He also stated his intrinsic share valuation was between $0.50 and $0.60 and he was not selling.