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24.3¢ grange resources limited.

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BrookeCE

2,979 Posts.

8

20/02/19

10:11

Post #: 37495871
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Originally posted by newB ↑

Originally posted by BrookeCE
There won’t be any capital management they are preserving for Southdown as mentioned on many occasions on quarterly.

They will limp along with 1-3c worth of annual dividends broken up in half yearly Ann’s.

They for over 15 years have always been the last IO stock to re rate of the juniors. MGX and co always go first. This still has another 10-15c to go to be done. Smart money and volume now in control.

Don’t be fooled by the number of shares on issue. Of the 1.6Bil, 2/3 are controlled by the long term major shareholder that’s also one of the product purchasers. So it’s really only 500mil in free float that moves. Volume has always been the indicator. The divi will come and give a little boost.

Lastly given the IO prices at current, they have more chance of getting a major to sign in to develop it. That will double the S/P if it does. This is a long play stock but short term traders can also make money as these volumes continue.
The outstanding shares is only 1.15B, not 1.6B

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Point remains around true free float

GRR Price at posting: 28.8¢ Sentiment: Buy Disclosure: Held
3 Upvote

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(20min delay)
Last 24.3¢		Change 0.003(1.04%)		Mkt cap ! $266.1M

Open	High	Low	Value	Volume
24.0¢	24.3¢	24.0¢	$24.43K	101.8K

Buyers (Bids)

No.	Vol.	Price($)
11	243957	24.0¢

Sellers (Offers)

Price($)	Vol.	No.
24.5¢	128624	10

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 - 12.20pm 22/11/2024 (20 minute delay)

GRR (ASX) Chart