GRR 4.08% 25.5¢ grange resources limited.

Tai Success just off Port Latta now with Scarlet Island also in...

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    Tai Success just off Port Latta now with Scarlet Island also in Bass Strait and expected to arrive early tonight.
    Gemini Ocean capacity 80982 just left China and estimated arrival Dec20 so should leave well before Dec31 but probably the last ship for the year, so it looks like ~650kt for the quarter will be shipped/sold. So sales ~$A90mil($A138/t) for the quarter, costs(incl stripping) $A50mil($A83/t on 600kt produced), so operating cash surplus of $A40mil plus a reduction of a net $A6mil in Trade Receivables for the quarter, would put an extra $A46mil in the bank to give a bank balance of around $A166mil being similar to Dec16.
 
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