Firstly, thankyou all for your responses, I truly appreciate them, even the less complimentary ones. @sailnyssa
It seems most of my old sparring partners have left the building (sold up & gone), but it would seem I have, or more accurately GRR has a whole new fan club (new posters espousing the virtues of GRR). That's terrific.
Just to set the record straight, IMO GRR should have a m/cap of $600mil. How we shareholders might realise that value or get ROI's that reflect such valuation? That has been a question I've asked for the past 3-4 years. However, I'm still a shareholder and right or wrong I'm determined to remain so until I get what I consider is fair value for my share of ownership in GRR.
"But Stan, if that's how you feel why are you down ramping GRR", I know is what you're saying.
In my previous post I wasn't commenting on the company's value, or even the dividend per say. I was merely pondering where the sp is going to go now and in the next few days, coming weeks and I gave some reasoning as to why & how the sp would be on the slide. Also, I could see buy/sell depth and trading patterns that I've observed over a number of years and made mention that I thought the sp was being propped up. As for me trying to down ramp the stock, if you 'new comers' care to read my posts over a period of time I've mentioned that I think 'someone' whom has far more money, greater power and possibly contacts dictates the trading and moves the sp wherever they wish and old Stantrent & the little shareholders can't do a thing about it.
Yep GRR is way under valued, but IMO it has been for years. And I have posed many questions and proffered a number ideas in relation to Why, How, When GRR shareholders should, would, could one day reach the promised land. But in the here and now, I pose the question again. What is the catalyst for new investors/shareholders to race in and buy GRR between now and the end of March? Is it the AUD0.005 divi or is there going to be an influx of Institutional investment??? As I said, I don't see one atm, if you can then all power to you.
P.S. Please note I've changed my sentiment to 'Hold'. That should make a couple of you happy.
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Price($) | Vol. | No. |
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