GRR 2.13% 23.0¢ grange resources limited.

GRR chart, page-63

  1. 877 Posts.
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    What a moron! GRR has a market cap of circa $325 million with Cash and receivables of $242 million with probably another $20 million on top of that after this quarter.

    They made over $100 million after tax last year - there are only a handful of mining stocks on the entire ASX who make more money that that. Plenty of others in the ASX 200/300 make nowhere near the money Grange does and yet have valuations closer to a billion dollars or more.

    The reason the tailings dam was capitalised is because it is expected to see out the life of the mine until circa 2030 so its a very long mine life and hence amortisation can be written off more slowly.

    Does she not realise they have a premium product, high margins and a mine life that is longer than most other mid cap mining stocks on the ASX with the possibility of extending mine life beyond 2032 with the current round of drilling.

    Their ore body was big enough to distort the compass used by Matthew Flinders when he circumnavigated Tasmania (see company video).

    Maybe this is a broker that Suti was talking about who had a long MGX and short GRR position. Only problem with that is that there aren't any shorts outstanding on Grange so I'd hate to think they are shorting and not reporting. Either way it's given me some clues as to who has been constantly loading the sell side for the last 5 years.

    Strong sell - Give me a break - I wouldn't trust anyone who said that about Grange unless they had inside knowledge on operational issues. Not sure you can provide more info on her thoughts @xButterflyx but with current margins Grange has more room than others to withstand price fluctuations.

    GLTA/IMHO





 
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Last
23.0¢
Change
-0.005(2.13%)
Mkt cap ! $266.1M
Open High Low Value Volume
23.5¢ 23.8¢ 23.0¢ $388.3K 1.673M

Buyers (Bids)

No. Vol. Price($)
20 650756 23.0¢
 

Sellers (Offers)

Price($) Vol. No.
23.5¢ 105687 4
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
GRR (ASX) Chart
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