GRR 0.00% 24.5¢ grange resources limited.

Hey Phoenix thx for letting me know the capex of the Southdown...

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  1. 2,371 Posts.
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    Hey Phoenix thx for letting me know the capex of the Southdown project, I didn't know that.

    I saw the residential development project in the presentation and thought that was weird. But even if they end up getting their money back or lose 10-20% it's not the end of the world I guess, though obviously a waste of time.

    It's printing money in the meantime. It doesn't look like they're about to run out of iron ore or anything any time soon either?

    If they find a partner for Southdowns then surely this has to re-rate. Well even if it doesn't it seems undervalued.

    Though we're not the first to realise this, seems strange!
 
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