GRR 0.00% 25.5¢ grange resources limited.

Stan , the issue is not wether there will be a sept divi but for...

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  1. 15,774 Posts.
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    Stan , the issue is not wether there will be a sept divi but for how long divis will be impacted. IO proces have dropped and this 500k production decrease is very significant both in its revenue impact but also costs. Moreover it is occuring at a time of pre stripppig and maintaince whuch will result in significant cash draw, so i think you will see three draws cash, higher AISC than realised price, mainatance and remdeial work draw down. I thin you can chalk down a very bad quarter this quarter, a similarly bad one next quarter and maybe break even the ine one after. over the last 12 months GRR have increased cash through a big sell down in invesntory/stockpiles and this cant provide much of a buffer going forward
    the timing of the announcement is warning of a very average quarter and is in essence and bg revenue revison
 
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