GRR 0.00% 24.5¢ grange resources limited.

GRR has almost $200mil in the bank and the MC is $220mil today...

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    GRR has almost $200mil in the bank and the MC is $220mil today so it looks really undervalued to me.
    $60mil profit last year and the company pays ok dividend, fully franked.
    Looking at the latest presentation all looks good/positive so why MC$220mil? It should be somewhere $500-$1,000mil in my opinion.

    Your thoughts guys? Thanks
 
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