Like a mosquito at a nudist colony I don't know where to begin
May last exit was above 15 c but my holding period was Das The one before that was higher with the entry at 10.7
Just because it traded at 27c in the euphoria of a short term IO spike and a jump in cash that was partly driven by taking on debt and selling down stockpiles doesn't mean it is it was worth 27c ago went to 5c , MGX to 57. Good luck making an argument that ago is worth 5c . You can't use the historic market price to argue true worth and simultaneously ignore today's market price. If today's price is wrong , why wasn't 27 equally wrong ?
My point about GRR is exactly that, not to look at cash, it was was artificially inflated over the last 6 months and that the business operational hasn't been able to make money for years. Last years 8c earnings were the result of liquidating the previous years stock piles . Do you need to look at what they made or lost the year before . Don't get me wrong Djingo . It is very possible to make some good coin on Grr if the io price increases because sentiment will drive it short to medium term, but they simply haven't shown the ability to generate cash over the last 4 years. I am sure they have gone backwards
djingo - why are GRR the only IO producer to still disclose cash costs as their measure when everybody else uses AISC ??
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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($) | Vol. | No. |
---|---|---|
25.5¢ | 300014 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 219779 | 0.270 |
9 | 458580 | 0.265 |
26 | 932290 | 0.260 |
7 | 172530 | 0.255 |
22 | 717920 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 405759 | 8 |
0.280 | 942702 | 17 |
0.285 | 372332 | 13 |
0.290 | 1710676 | 31 |
0.295 | 651900 | 8 |
Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
GRR (ASX) Chart |