GRR 0.00% 26.0¢ grange resources limited.

Still trading at Disc to Cash. Why?, page-530

  1. 394 Posts.
    @suti1 said, October (321mm) had double the mean (170mm) rainfall. the excuses will keep on coming whilst the rain is there.”

    @Autosime said, “Yes - but at least they are real . I admit I was left disappointed to hear cash only likely to be marginally up by quarter end . I will hold but the March quarter better be a ripper”

    March Qtr? Hang on, didn’t we have to be patient and wait 6 months (ie. Sept & Dec Qtrs) and we would see some much improved results?

    @Autosime I hope you hold long after the March Qtr. I sincerely do. Because I suspect ‘someone’ would like nothing more than for the loyal & long suffering small shareholders to get ‘sick & tired’, sell up and go away.

    Over the past 6 months or so, some on here have been of the rather strong opinion that the management performance and results of the Board have been very good. Perhaps some of you might like to reconsider your opinions on the matter?

    At what point will Clement Ko’s opinion be reconsidered and perhaps acted upon?

    “ He highlights the influence of the major shareholder, the Shagang Group, at both board and senior management level as an issue.

    "My personal view is for an Australian-listed company, it is alright for a Chinese investor to either have a strong influence on the board or being able to insert significant influence on management. However, it would not be appropriate and should not have such a strong influence on both elements by the major shareholder," he said. ”

    Extract from The Advocate, 9th Sept, 2015.
    ***
 
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