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25.5¢ grange resources limited.

Dj It took me 30 seconds March 16 Pellet stock likes 420k tones...

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Autosime

15,774 Posts.

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29/06/17

21:32

Post #: 25576485
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Originally posted by Autosime ↑

I said the have gone backwards over the last 4 years .
Work out the value of stockpile reduction and add in the debt and you see where that 50m figure came from .
Di - I don't want to argue and I am not even suggesting its not a buy , all I said is it's not worth 25c and before you get excited about cash increasing by 50m value the change in cash and stockpiles Net of debt as a true measure of value creation . See when I was buying at 8.7-11c 18 months ago I valued stockpiles and cash to detrimine value . I do the same today. I also am well aware that cash was inflated at Year end by the 9 m debt and by another 10-12 m as they defferred milll replacement . There is 20 m just there . Stockpile fell by over 220 k ( from memory maybe more ) - there is another 22-24 m aud. So I would say they generated true cash of 10-15m . This year with production issues and current pellet price chalk down a break even at best

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Dj
It took me 30 seconds
March 16
Pellet stock likes 420k tones
Concentrate 189k tonnes

March 17
Pellets 189 k
Concentrate 79k
Net change 330k drop
This is how the cashed increased 35 m value. No value creation but with cash costs averaging 85 how could cash increase
I rest my case

GRR Price at posting: 12.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
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