GRR 2.08% 23.5¢ grange resources limited.

When the boat comes in???, page-88

  1. 2,798 Posts.
    lightbulb Created with Sketch. 129

    2c fully franked for 2nd half taking it 3c full year.


    IMO this sets it up for 4c full year next year.


    aside from China's dis-interest in paying Oz taxes (including franking credits) and dividends, the risk I think is expanding capex re underground mining proposal (last I saw $15m study / thinking capex) and maybe an acquisition. Otherwise, no real reason to not pay dividends, certainly if prices stay full and they resume moving material.  @miningnut is correct in that if stockpiles are full (which they should be) at year end, then even fewer excuses not to restore and get some stability is sales volumes.


    have a great day.

 
watchlist Created with Sketch. Add GRR (ASX) to my watchlist
(20min delay)
Last
23.5¢
Change
-0.005(2.08%)
Mkt cap ! $266.1M
Open High Low Value Volume
24.0¢ 24.5¢ 23.5¢ $96.74K 403.4K

Buyers (Bids)

No. Vol. Price($)
5 311733 23.5¢
 

Sellers (Offers)

Price($) Vol. No.
24.0¢ 11914 3
View Market Depth
Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
GRR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.