@spurlo1 suspect your post was/is an attempt to talk down GRR sp...

@spurlo1 suspect your post was/is an attempt to talk down GRR sp in the hope of a cheaper entry price. But, maybe I'm a little jaded and maybe I should give you the benefit of the doubt and take it on face value that you have some genuine fears with GRR.

Let us address a couple of your issues.

"I'm waiting for a good entry. 23.5 to 24 would be nice but the pullbacks are so shallow."

@spurlo1 you may just get your preferred entry price today, but IMO today will be your and anybody else's last chance to buy below 25c. Amidst the uncertainty of what will be announced by GRR, regarding EOFY results and potential divi, 'someone' has been working very hard to hold the sp and push it down. As I said before, with GRR bad news comes quick and good news comes slower and these expected anns are coming slower. But IMO next Tuesday is as slow as it can be, so expect some buying pressure to ramp up next Monday.

"Bit nervous about getting on before the half yearly after seeing the sell down on AGO though."

I wouldn't be too worried about AGO's sell down in relation to GRR. A number of posters on here have discussed the disparity of market value of the two coys and the majority of us agreed that AGO wasn't worth $170mil more than GRR (which at one stage was the case). Also, many of us have talked about the financial merits and value of GRR (strong financially, no debt, profitable) & AGO (much weaker financially to put it kindly). AGO's HY report just reminded the market of AGO's financial reality.

IMO it doesn't matter what the divi ann is, GRR won't be sold down. Why? Because even if the board announced no divi, it doesnt change the fact GRR has +$150mil Cash and soon it may well be +$200mil. Mind you, I think the phones at GRR HQ would ring off the hook if they didnt ann a decent divi next Tuesday. If you get some GRR for 23.5c, you've done well, but I genuinely believe that if you buy GRR at any price under 30c you can't go wrong.

Well that's my take on it.
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