GRR 1.02% 24.8¢ grange resources limited.

Yes I agree but they aren’t the only ones in the IO space that...

  1. 15,774 Posts.
    lightbulb Created with Sketch. 268

    Yes I agree but they aren’t the only ones in the IO space that have been looking at investing cash funds without much success . MGX has 470m odd in cash of which it only needs about 70-80m over the next year and it’s been looking for 3-4 years without success so I would much prefer the cash on the balance shet than an expensive purchase. I think based on the conversation yesterday , a farm down of Southdown to a biggger partner would still require some funding from GRR and I woukd hazard a guess this is where the cash will be allocated to . It seems as though there is significant interest at present.
    Southdown has been dormant for so long nobody is placing any value on it , but in reality it is worth a lot of comercialised and I imagine any news of a farm in would result in at least a 5-7c rerating of GRR
 
watchlist Created with Sketch. Add GRR (ASX) to my watchlist
(20min delay)
Last
24.8¢
Change
0.003(1.02%)
Mkt cap ! $266.1M
Open High Low Value Volume
24.5¢ 24.8¢ 24.5¢ $3.889K 15.87K

Buyers (Bids)

No. Vol. Price($)
3 113266 24.5¢
 

Sellers (Offers)

Price($) Vol. No.
25.0¢ 325083 19
View Market Depth
Last trade - 10.34am 28/11/2024 (20 minute delay) ?
GRR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.