GRR 0.00% 26.0¢ grange resources limited.

You may get some panic selling that will fill those orders at...

  1. 484 Posts.
    lightbulb Created with Sketch. 3
    You may get some panic selling that will fill those orders at 10c but the smart money will take a forward looking view. A 10c share price would bring the market cap down to $115m vs a cash balance of about $150m (assuming $20m reduction from the last quarterly balance of $170m). The price can't stay long at that level if the market believes they will start making significant profits going forward.

    The key question for me is whether the remediation work will have a negative impact on their ongoing production costs?
 
watchlist Created with Sketch. Add GRR (ASX) to my watchlist
(20min delay)
Last
26.0¢
Change
0.000(0.00%)
Mkt cap ! $266.1M
Open High Low Value Volume
26.0¢ 26.5¢ 26.0¢ $85.24K 324.3K

Buyers (Bids)

No. Vol. Price($)
17 165527 26.0¢
 

Sellers (Offers)

Price($) Vol. No.
26.5¢ 349872 19
View Market Depth
Last trade - 14.38pm 03/12/2024 (20 minute delay) ?
GRR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.