I'd suggest that majority of GRR's Q4 shipments will be under the Shagang annual 1 mt offtake agreement. IMO the 65%FE pellet premium / demand outlook over next 6 months should provide GRR management will the opportunity to readily ship all pellet production at great margins. 6-10 ships for quarter will deliver a full year (Dec 2018) profit north of $160m. Next vessel SDTR Bellona is now in Australian waters and should be at Port Latta to load early next week.
GRR chart, page-15
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Last
25.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.5¢ | 25.0¢ | $88.75K | 350.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 20287 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 160142 | 7 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| GRR (ASX) Chart |
