GRR 4.08% 25.5¢ grange resources limited.

Really - your must have very low expectations They have gone...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 15,774 Posts.
    lightbulb Created with Sketch. 268

    Really - your must have very low expectations
    They have gone backwards 46 m in value for the quarter, if you add in the depletion of inventories. I was thinking about 25m

    They are stating very clearly they still have "challenges" and expect things to improve by the second half.
    "Improve " not hard from a 240 plus cash cost base.
    Take away the debt and adjust for the drop
    In inventories and receivables from 600k to 50k and these guys are weaker than they have been in the last 18 months while still having issues with their mine and production . You can guarantee a negative cash quarter this quarter as well
    It really shows how leveraged they are to production and costs and if they can't get the mine performing well , the cash balance can easily deplete
 
watchlist Created with Sketch. Add GRR (ASX) to my watchlist
(20min delay)
Last
25.5¢
Change
0.010(4.08%)
Mkt cap ! $266.1M
Open High Low Value Volume
24.5¢ 25.5¢ 24.5¢ $277.9K 1.118M

Buyers (Bids)

No. Vol. Price($)
1 8697 25.0¢
 

Sellers (Offers)

Price($) Vol. No.
25.5¢ 300014 8
View Market Depth
Last trade - 16.10pm 28/11/2024 (20 minute delay) ?
GRR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.