GRR 0.00% 26.0¢ grange resources limited.

Pellets 99 USD, page-9

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    Djingo,

    I don't believe someone has insight of board members, and they won't post here if someone does has.
    But it make me to guess: some board and management members have Chinese background----the main shareholder is Chinese ShaGang ---- ShaGang is a steel maker, that need a constant/reliable Ore/Pellet source to feed their operation.
    It naturally make sense ShaGang doesn't really care if Granger can cut the cost?

    I think they just care about the off-take volume to be secured.
 
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