GRR 4.08% 25.5¢ grange resources limited.

GRR ABC NEWS, page-9

  1. 417 Posts.
    lightbulb Created with Sketch. 4
    momentum starting today it seems but only time will tell.

    Looks like sell side will not hold this down for much longer after a few months of being held down by manipulation and also the faithless not believing due the property venture.

    I estimate maximum downside to be around 15c and max upside about 50c so now it is just a matter of waiting.

    Even with discounts to the parent company where possible it seems that Grange will be making much moolah this year so unfortunately will have declare a massive profit. Not many companies out there with P/E of 3, fully cash backed and making the largest margins it has probably seen for 5 years.

    My truck is already fully loaded but happy to take more if people are dumping.
 
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