GRR 1.75% 29.0¢ grange resources limited.

Capex Estimates

  1. 112 Posts.
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    Hi fellow shareholders,

    I am a large longterm shareholder at Grange and happy to see so many of you well informed about the company.
    I think the major issue for Grange for the next 18 months at least is the Capex needs. The company did spent about 40 mil on the south pit which was one off. However a mid-year upgrade of the Autogenous mills is stated to take place. This will require quite a large sum. The company deferred this investment, despite being announced previously in the past, until it built a large cash pile. Also cash flow from the second quarter onwards will be reduced as the mine will require a shut down for this upgrade to materialize.
    Any ideas how much this one-off costs will be? This is to me the defining factor for the much talked about dividend payment.
    On the bright side, this will set the mine for much higher throughput going Fwd from 2.4 mil tons to 2.7 mil tons so its great for long-term shareholders. Plus no need to waste our great resource at such low prices.

    Go Grange!
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