GRR 2.33% 21.0¢ grange resources limited.

Originally posted by SamscoutIf Grange and Mt Gibson merged I...

  1. 1,195 Posts.
    Why would we want GRR management run another project like SD.

    We are not happy with the market transparency, and the use of cash(investing in real estate projects, but not an dividend increase or share buyback). Best would be that they will sell their share in SD and offer some consultancy and keep a small stake(20%).

    But please no investment of the existing money into this project.

    MGX also knows that if Shagang do not want to sell, it won't make sense to make an offer.

    Shagang needs the supply and meanwhile they like the small dividend, and cash in the bank.

    Here is hoping for a 2 cent div in march and stable pellet prices of AUD 190

 
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