costs are disappointing. weren't redundancies earlier this year supposed to help on the cost front? rain as someone else has said was 'normal' for Aug/Sep albeit high for July.
The only thing left is the iron ore pellet price - still holding up very well around 90USD according to the MetalBulletin 65% Pellet Index (MBIOI-PT see chart on the bottom right hand corner, 1st page of below link) - price is more than 2 times the 58% Fines Index vs 1.5 times a year ago.
metabulletin.com/
Assets/pdf/MBIO/2016/Daily_Iron_Ore_12_October_2016_J6J.pdf
But relying totally on commodity prices for share price gains, which now seems to be the case with GRR is fraught with danger. Will be watching the MIBOI-PT very careful.
costs are disappointing. weren't redundancies earlier this year...
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26.0¢ |
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Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $60.19K | 231.8K |
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| No. | Vol. | Price($) |
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| 16 | 251646 | 25.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 47449 | 5 |
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