I own SLR as well trippa I placed a sell order as well today on part of my holdings , on paper GRR looks great I have been a holder for 5 + years the only problem there is no brokerage coverage or interest in this stock there is always some left field announcement that suppresses the price this time its the property development experiment. I have owned a listed property developement company and they struggled to make a profit and were always raising capital. Management are looking like amateurs they could have invested the property development money into reducing cost of production by a $1 a ton that would have been an extra $600K a quarter in profit without much effort compared to what it takes developing property.
I still think that the best use of their capital is to do a buyback especially if RGL are selling .
GRR Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
(20min delay)
