GRR 0.00% 19.5¢ grange resources limited.

cash balance & lower $AUD

  1. 600 Posts.
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    just analysing the last 3 quarterly reports.

    at the end of the june quarter the cash at bank was $109.4 million
    at the end of the september quarter the cash at bank was $140 million
    at the end of the december quarter the cash at bank was $153.6 million

    the fall in the $AUD in the last 4-6 months, from a high of approx 94 us cents to the current approx 77 us cents should also prove to be a windfall for GRR as their product is sold in $USD, which means a much higher return in $AUD and their labour costs etc are $AUD.

    furthermore their high quality/low impurity product commands a significant premium from normal iron of up to $40 USD a tonne and their mine life stretches out past 2030. on top of this they hold an interest in another large magnetite deposit in WA that is yet to be developed.

    the fundamentals are staggering & i cannot find another stock listed on the asx to match it. i normally hold the belief that the market is never wrong but in this case GRR presents as a staggering investment opportunity at the current sp.

    im relatively new to this stock & if i am missing anything please let me know.

    cheers.
 
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Mkt cap $225.6M
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