GRR 4.26% 24.5¢ grange resources limited.

I was a bits of concerned when seeing share kept dropping in the...

  1. 3,534 Posts.
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    I was a bits of concerned when seeing share kept dropping in the last few days, suspected some big write off or mine problem has been leaked to the  market...
    however i am now relaxed as the the profit is as strong as previously estimated, although the div could have been better.
    happy to hold at 25.5 and receive 1 ff dividend for half year, that give a return of 10%+(2 cents plus franked credit, 2.85 cents per share).

    Vale dam collapse only happened December and the positive Iron ore price will have impact from this half year, things will be better.
 
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