this is true and been a longtime fact of this company, and arguably the sole reason why share price is way under its true value.
only chance to break this cycle is a takeover offer from external, although I am certain will be rejected by Shagang, but will give an indicative valuation of GRR to the market.
production upgrade or shipment increasing may move the share, but won't expect much. 60, 70 cents call will not happen under the current shareholding structure, regardless what good news from operation.
Quarterly predictions, page-129
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Last
24.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.3¢ | 24.0¢ | $81.51K | 339.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 196945 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 78180 | 5 |
View Market Depth
| Last trade - 16.10pm 21/11/2024 (20 minute delay) ? |
| GRR (ASX) Chart |
