Grange Res- Australia's leading magnetite producer

russel clark kauft wieder..
http://stocknessmonster.com/news-item?S=GRR&E=ASX&N=583697

Appendix 3B (performance shares)
http://stocknessmonster.com/news-item?S=GRR&E=ASX&N=583696

gruß black.jack  

was zum lesen.. ;)

http://www.asx.com.au/asxpdf/20120403/pdf/425dwt55wpv63v.pdf


gruß black.jack  

Highlights for the March 2012 Quarter include:

- Continued excellent safety performance at Savage River and Southdown. Twenty months of no Lost Time Incidents (LTI) achieved.

- Record monthly pellet sales achieved in January 2012.

- Improved cash, term deposits and trade receivables position of A$274.2 million and no net debt at the end of the quarter.

- Pellet prices remained strong, averaging US$172.57 per tonne FOB Port Latta.

- C1 cash operating costs of A$111.09 per tonne of pellets produced supporting strong cash margins.

- Final three cent dividend declared and payable in April 2012, in addition to the inaugural two cent dividend paid in October 2011.

- Southdown mineral resources increased by 75 per cent to 1.22 billion tonnes.

- Southdown project DFS substantially completed.

http://stocknessmonster.com/...MRYUC&E=ASX&S=GRR&N=585910  

seit 1ten mai draußen und hier einsehbar...

http://www.grangeresources.com.au/clients/grange/..._-_1_may_2012.pdf

gruß black.jack  

hier nochmal die aktuelleste präsentaion:

http://www.grangeresources.com.au/clients/grange/..._-_4_may_2012.pdf



und hier ein interview mit russel clark wo er über die DFS spricht..

http://www.brrmedia.com/event/96708/russell-clark-managing-director


--
zum chart, die 0,55A$ haben nicht gehalten.. sehen wir jetzt noch die 0,5A$ ??! die sollten aber dan halten..

gruß black.jack  

nettes, kurzes video mit russel clark:

http://www.brrmedia.com/event/97911/...ll-clark-managing-director-ceo

gruß black.jack  

Grange Appoints Corporate Advisor for Southdown Project Funding

http://stocknessmonster.com/news-item?S=GRR&E=ASX&N=593624

----

Neuste Präsentation:

http://stocknessmonster.com/news-item?S=GRR&E=ASX&N=593637

----

Iron ore hits 5-week high as China continues to forge steel near record pace:

http://www.mining.com/2012/06/21/...-to-forge-steel-near-record-pace/

------------

finde GRR hält sich in diesem umfeld weiter gut! wie der ersten news in diesem post zu entnehmen ist möchte man mind. einen 30% teil von southdown abgeben.. weiß nicht genau ob die 30% sich auf das ganze projekt oder nur auf ihre 70% beziehen..
so oder so das finazierungsrisiko singt dadurch stark. bin echt gespannt auf wie der letztendliche finazierungsmix dann aussieht.. ende dieses jahres wissen wir mehr!

gruß black.jack  

der thread hat also "nachholbedarf"..


hier der Quartalsbericht..
http://stocknessmonster.com/news-item?S=GRR&E=ASX&N=596456


dann die finale permit fürs desalination plant southdown..
http://stocknessmonster.com/news-item?S=GRR&E=ASX&N=596822


dann völlig überraschend russel clark hört als ceo auf.. über die gründe kann man nur spekulieren.. ich empfinde es als verlust.. habe ihn immer geschätzt..
http://stocknessmonster.com/news-item?S=GRR&E=ASX&N=596832


und jetzt noch ne meldung über einen steinrutsch bei savage river.. gibt keine verletzten, aber als es das letzte mal passiert ist (auch an der east wall) stiegen die produktionskosten aufgrund von niedriger grades..
http://stocknessmonster.com/news-item?S=GRR&E=ASX&N=596954


gruß black.jack  

Grange exit unsettles market
Nick Sas, The West Australian July 21, 2012, 12:02 pm

Grange Resources managing director Russell Clark has quit suddenly, throwing into confusion the company's $2.9 billion plan for the Southdown magnetite project in the State's south.

In a surprise move that led Patersons Securities to downgrade the Grange shares to "under review" yesterday, Mr Clark announced he would leave the company after nearly 4 1/2 years at the helm on September 15, following a month-long handover period to Richard Mehan. Mr Mehan quit his role as Jupiter Mines chief executive equally suddenly last month, after just over a year in the role.

Mr Mehan said yesterday there was "no connection" between his departure from Jupiter and his appointment as new Grange chief executive.

Mr Clark's resignation immediately sparked market speculation the well-regarded managing director had fallen out with Grange's controlling Chinese shareholders, who are known to be pushing for a favourable Southdown offtake deal.

Speaking at Grange's Perth office yesterday, Mr Clark said discussions with the board regarding his impending departure had been ongoing for "a while" but he would not give a specific time frame.

Mr Clark said his resignation was triggered by personal reasons, which came after he had "ticked all the boxes" to get the Southdown project mine - 100km north-east of Albany - up and running.

"My work here is done," Mr Clark said. "Yes, we need to finance Southdown, yes we need to build the project, but that's another four or five-year process, and to be frank, it's better for someone else to pick that up and have that."

Grange owns 70 per cent of Southdown and last month conceded it would struggle to fund its share, putting up at least 30 per cent of the project for sale.

Kobe Steel and Sojitz Corp own the other 30 per cent of Southdown.

Mr Clark's sudden resignation created rumblings on the stockmarket yesterday, with Patersons head of research Alex Passmore labelling the move a "negative surprise" that created uncertainty at a crucial time. When asked if he had initially intended to see Southdown through to the end, Mr Clark said he saw himself as a "starter" rather than a "finisher".

He was innundated with inquiries from well-wishers yesterday but Mr Clark said he had no specific plans for the future besides a European holiday and plans to build a house. He said he was proud of his achievements at Grange, which were highlighted by the company's growth from a $100 million company with $10 million in the bank to profitable $525 million mid-tier player with $250 million in the bank.

Grange shares fell 1.5¢ to 45.5¢.
Interesting times 2015 The date by when Grange expects to be producing first magnetite concentrate from Southdown, 100km north-east of Albany

http://au.news.yahoo.com/thewest/a/-/breaking/...it-unsettles-market/  

Grange exit unsettles market

Nick Sas, The West AustralianJuly 21, 2012, 12:02 pm





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Grange Resources' Russell Clark. Picture: Astrid Volzke/The West Australian




Grange Resources managing director Russell Clark has quit suddenly, throwing into confusion the company's $2.9 billion plan for the Southdown magnetite project in the State's south.

In a surprise move that led Patersons Securities to downgrade the Grange shares to "under review" yesterday, Mr Clark announced he would leave the company after nearly 4 1/2 years at the helm on September 15, following a month-long handover period to Richard Mehan. Mr Mehan quit his role as Jupiter Mines chief executive equally suddenly last month, after just over a year in the role.

Mr Mehan said yesterday there was "no connection" between his departure from Jupiter and his appointment as new Grange chief executive.

Mr Clark's resignation immediately sparked market speculation the well-regarded managing director had fallen out with Grange's controlling Chinese shareholders, who are known to be pushing for a favourable Southdown offtake deal.

Speaking at Grange's Perth office yesterday, Mr Clark said discussions with the board regarding his impending departure had been ongoing for "a while" but he would not give a specific time frame.

Mr Clark said his resignation was triggered by personal reasons, which came after he had "ticked all the boxes" to get the Southdown project mine - 100km north-east of Albany - up and running.

"My work here is done," Mr Clark said. "Yes, we need to finance Southdown, yes we need to build the project, but that's another four or five-year process, and to be frank, it's better for someone else to pick that up and have that."

Grange owns 70 per cent of Southdown and last month conceded it would struggle to fund its share, putting up at least 30 per cent of the project for sale.

Kobe Steel and Sojitz Corp own the other 30 per cent of Southdown.

Mr Clark's sudden resignation created rumblings on the stockmarket yesterday, with Patersons head of research Alex Passmore labelling the move a "negative surprise" that created uncertainty at a crucial time. When asked if he had initially intended to see Southdown through to the end, Mr Clark said he saw himself as a "starter" rather than a "finisher".

He was innundated with inquiries from well-wishers yesterday but Mr Clark said he had no specific plans for the future besides a European holiday and plans to build a house. He said he was proud of his achievements at Grange, which were highlighted by the company's growth from a $100 million company with $10 million in the bank to profitable $525 million mid-tier player with $250 million in the bank.

Grange shares fell 1.5¢ to 45.5¢.
Interesting times 2015 The date by when Grange expects to be producing first magnetite concentrate from Southdown, 100km north-east of Albany
Quelle Thewest  

vom 23/7.

Grange Resources sees another rock slide at Savage River

23 July, 2012 Cole Latimer 0 comments


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Grange Resources' Savage River mine has seen a rock slide at its Tasmanian Savage River mine that ran for more than two days.

According to the company "a rock slide commenced on the eastern wall of the North Pit….in the early hours of Wednesday 18 July and concluded early [Friday]".

However as the mine had geotechnical controls in place which notified them of the potential for a wall failure there were no workers or equipment in the area.

"No personnel were exposed to any danger as a result of the slip and no injuries were sustained," Grange stated.

As a result of the incident it has redeployed operations to alternate locations around the mine, with production to be maintained at normal planed levels while its mine plans are reviewed.

The miner said that "at this stage the slip is not expected to have a material adverse effect on the operation and it is anticipated that the 2012 production target is not materially at risk".

Workplace Standards Tasmania was notified soon after the event, and it approved the continuation of operations.

In 2010 the mine recorded another large rockfall at the same area, when around 140 000 cubic tonnes of rock fell into the pit.

Grange explained the latest rockfall event, stating that "the geotechnical environment at Savage River is well understood and the structure is such that slips will occur from time to time"
Und denl Link dazu
http://www.miningaustralia.com.au/news/...nother-rock-slide-at-savage  

so langsam sollte es aber gut sein..

hier mal ein analysten kommentar nach den q-zahlen:
"Grange Resources Limited (GRR) - BUY

Southdown funding solution remains key

Grange Resources (GRR) today released its June Q report. The company's Savage River operation again provided strong cashflow and remains on track to produce ~2.4Mt of magnetite pellets in CY2012. Cash costs settled to around $95/t which ensured a healthy margin relative to the average pellet price received of $146/t. An improvement in cash costs was achieved through higher mined ore grades and the follow on efficiencies in the concentrator and pellet plant. A DFS was completed during the Q on the Southdown project in Western Australia which demonstrated robust economics. In an effort to soften the capital requirement in developing the project, GRR appointed Deutsche Bank as corporate advisor to sell down at least 30% of the project to a strategic partner. GRR maintained a healthy cash position of $232m, albeit down from last Q largely due to payment of a $34m dividend.

Savage River a robust long term project. The operation is clearly recovering after a pit wall failure caused significant production disruptions last year. With cash costs settling to <$100/t we expect to see solid margins maintained given the nature and premium quality of the pellet product. We are forecasting an NPAT of ~$90m in CY2012 which should see the cash balance of ~$300m by the end of the year. Ongoing solid cashflow is important and provides GRR leverage for developing the Southdown project.

Southdown financing solution due 1H CY2013. We believe a sell-down of up to 30% in the Southdown project could generate ~$250m for GRR. The company plans to utilise proceeds from the sale along with exiting cash balances to fund its development share of the project. Commissioning of the 10Mtpa magnetite concentrate operation is expected mid CY2015 for a capital cost of $2.9bn. We see GRR's in house expertise in magnetite mining as a key to reducing execution risk on the project.

Catalysts. 1) Funding solution and sell down of the Southdown project 2) Maintain cash costs <$100/t at Savage River 3) Robust iron ore prices"

https://secure.psl.com.au/publication/...ily/your-market-daily-120718
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das war aber vor den letzten news zu führungswechsel und rockslide..
in der nächsten zeit wird es drauf angekommen wie der stein schlag die kosten beeinflusst, wie der pellet preis sich weiter entwickelt und wie die finanzierung von southdown verläuft..

-------

citi hat grange jedoch runtergestuft (aus hotcopper):
"Citi has cut its forecast for earnings for 2012 by 14.1% to 5.5c, and for 2013 by 31.25% to 3.3c. This is due to pellet prices under pressure, and cashflow from Savage river being invested into the marginal Southdown (marginal at Citi's iron ore forecasts). They say a successful sell-down of 30% of Southdown or successful finance will be positive catalysts, but the next issue then is execution over the next few years. Cit has moved from "buy" to "neutral" and the 12-month target has fallen to 50c (was 80c).

http://www.afr.com/p/markets/market_wrap/...r_3X2UN0XgnQRT5w3ZQmGb9L"

gruß black.jack  

da is man mal zwei wochen weg und das ding bricht übelst ein.. fast 50% in zwei wochen!!
einfach nur krass..

Im Halbjahresbericht steht das eine zwischen-dividende von 0,01aud gezahlt wird- besser als nix!
Dieses Quartal sollte das schwierigste der letzten Jahre werden.. aber nun sollte doch schon einiges miteingepreist sein?!
Fragt sich wo sich der fe-preis bzw der pellet-preis fängt..

die letzten news der vollständigs halber:

Change in Substantial Shareholding - RGL
http://www.stocknessmonster.com/news-item?S=GRR&E=ASX&N=602136

Appendix 4D - Half Year Results
http://www.stocknessmonster.com/news-item?S=GRR&E=ASX&N=602156

Half Yearly Report and Accounts
http://www.stocknessmonster.com/news-item?S=GRR&E=ASX&N=602155

Grange Interim Results Overview - 30 June 2012
http://www.stocknessmonster.com/news-item?S=GRR&E=ASX&N=602157

Change in Interest - Notifcation RGL Sale by Shagang
http://www.stocknessmonster.com/news-item?S=GRR&E=ASX&N=602437

Associate Notification of Change in Interests
http://www.stocknessmonster.com/news-item?S=GRR&E=ASX&N=602810

------------------

gruß black.jack  

 

naja auf den ersten blick mag das vllt so aussehen..

ABER ein kurzer blick auf den Halbjahresbericht zeigt dieses Unternehemen ist sehr gesund! Hat einen Berg Cash, zahlt dividende und hat keine netto verschuldung..

Der Markt unterstellt nun scheinbar mind. ein negatives folge-quartal (je nach Entwicklung des Pellet-Preises) Der Steinschlag und die damit verbundene Restrukturierung des Minenplan sollten die operativen Kosten zusätzlich etwas anheben..
Dazu das Risiko der Southdown Finanzierung.. Zwar will man sich von weiteren 30% trennen, allerdings ist das timing hierfür nicht ganz so optimal.. da im Eisen Bereich viele Unternehmen ihre Investitionen zurückfahren..

Heute gabs nen netten rebound in AUS..

----------

Highlights for the half year ended 30 June 2012 include:

-Continued excellent safety performance at Savage River with no Lost Time Injuries recorded
-Interim dividend of 1.0 cent per share (unfranked) declared
-Net profit after tax of $55.4 million, on revenues from mining operations of $193.6 million and a gross profit from mining operations of $59.8 million
-Net cash inflow from operating activities of $91.9 million.
-Average pellet price of A$157.64 per tonne (US$162.84 per tonne) and C1 cash operating costs of A$102.66 per tonne of pellets produced, supporting continued cash margins
-Cash, term deposits and trade receivables position of $235.0 million as at 30 June 2012. No net debt.
-Southdown Project definitive feasibility study completed, showing the project to have robust economics
-Appointment of global specialist, Deutsche Bank, as a corporate advisor to assist in a partial sell down of Grange’s share of Southdown.
-Southdown ore reserve restated with improved confidence levels
-Advancement of land purchases to secure the necessary land for the Southdown mine, slurry pipelines and associated infrastructure
-Received the final major environmental permit required for the Southdown Project with the approval of the permit for the desalination plant
-------------

gruß black.jack  

Grange Resources unfazed by downturn in iron ore price, shares up 10%
Monday, September 10, 2012 by Angela Kean


Grange Resources (ASX: GRR) is on track to sell around 2.3 million tonnes of iron ore pellets during 2012 from its Savage River magnetite iron ore mine in Tasmania, which continues to attract a premium price relative to daily 62% iron ore fines prices.

The news was well received by the market today with shares up 10% to an intra-day high of $0.325 on the exchange of around 8 million shares by mid-afternoon.

Around 2.1 million tonnes of premium 65%-plus iron ore pellets will be produced for the full 2012 year.

Grange is targeting C1 cash operating costs of about A$110 per tonne of pellets produced for the year.

Regular pellet shipments continue according to plan at prices in excess of targeted C1 cash operating costs for 2012.

Current stockpiles are at low levels of about 170,000 tonnes, indicating that production is being sold into the market.

Grange’s cash position remains strong with cash and term deposits in excess of $200 million, while gearing remains low with borrowings of $38 million and no net debt.

The company will pay an interim dividend of $0.01 per share (unfranked) on 2 October 2012.

Meanwhile, work is progressing with Deutsche Bank to secure a strategic partner for the development of the Southdown Magnetite Project, with site visits by interested parties underway.

Grange is looking to sell at least a 30% stake in the project.

Extensive drilling at Southdown has confirmed over 1.2 billion tonnes of Resources and close to 400 million tonnes of Reserves, with the project designed to produce 10 million tonnes per annum of premium magnetite concentrate.

The project remains on target for first production in 2015.


Proactive Investors  

Grange Resources (“Grange” or “the Company”) has delivered a solid operating performance to shareholders despite a period of downward movement in global iron ore prices and operational redesigns and rescheduling following the July 2012 rock slide at Savage River.
Highlights for the September Quarter include:

-Continued excellent safety performance at Savage River with no Lost Time Injuries recorded since July 2010.
-Cash, term deposits and trade receivables of A$210.0 million.
-No net debt and low gearing levels with borrowings of A$36.6 million.
-Product prices averaged US$128.07 per tonne (FOB Port Latta). Savage River pellets continue to attract a premium relative to 62% Fe iron ore fines prices.
-C1 cash operating costs of A$130.47 per tonne of product produced reflect increased costs arising from the July 2012 rock slide at Savage River. Ore was predominantly sourced from alternate locations until a return to the high grade main ore zone in late September 2012.
-Interim dividend of 1.0 cent per share (unfranked) paid to shareholders on 2 October 2012.
-Engineering, procurement and construction (EPC) contracts for major construction works for the Southdown Project were submitted by interested parties.
-Received final major environmental permit for the Southdown Project with the approval of the permit for the desalination plant.

http://www.stocknessmonster.com/news-item?E=ASX&S=GRR&N=609354  

tja hat sich einiges getan..

Grange Revises Pellet Sales Agreement with Shagang
http://www.stocknessmonster.com/news-item?S=GRR&E=ASX&N=614143


Southdown Project Update - Expenditure Revision
http://www.stocknessmonster.com/news-item?S=GRR&E=ASX&N=616094

--------

Southdown ja- aber nicht um jeden Preis.. ich denke die Entscheidung Southdown erstmal "auf Eis" zu legen ist richtig. Das spart Kosten und stärkt die zukünftigen quartalsergebnisse! Ich hoffe nur das nicht nur bei den "Arbeitern" gespart wird, sondern das auch die in der chef etage sich mit etwas weniger gehalt zufrieden geben.. naja anderes thema..
Auch die weiteren Anteils-Verkäufe hätten in dem umfeld wohl nicht den erhofften erlös gebracht.. auch aus dieser sicht die entscheidung wohl vertretbar..

Fragt sich nur wann sich das "Klima" wieder bessert- um southdown zum laufen zu bringen braucht es nämlich nicht nur viel zeit, sondern halt auch einiges an Dollars..
Ich persönlich hatte das "finanzierungs-risiko" unterschätzt- das muss ich zugeben.

Nun kann und muss man sich auf savage river - die cash cow- von grange resource konzentrieren.. wird spannend zu sehen ob die kostenminimierung wirkung zeigt und wie die nächsten quartalsergebnisse im weiterhin turbulenten umfeld ausfallen werden.

hier noch zwei links aus der australischen presse:

http://www.abc.net.au/news/2012-11-30/...o-the-albany-economy/4401476
http://www.abc.net.au/news/2012-11-29/...on-magnetite-project/4399330

gruß black.jack  

zu lesen hier:
http://www.stocknessmonster.com/news-item?S=GRR&E=ASX&N=621447

gruß black.jack  

als präsentation:
http://stocknessmonster.com/news-item?S=GRR&E=ASX&N=626451

komplett:
http://stocknessmonster.com/news-item?S=GRR&E=ASX&N=626449

---
Anfang April gibts 1ct dividende.. man kann nur hoffen das das aktuelle quartal aufgrund stabileren fe-spot preis und geringern kosten wieder mehr gewinn eingefahren wird..

gruß black.jack  

Q1 report:
http://stocknessmonster.com/news-item?S=GRR&E=ASX&N=633017

chairman's adress to shareholders:
http://stocknessmonster.com/news-item?S=GRR&E=ASX&N=634920

results of agm:
http://stocknessmonster.com/news-item?S=GRR&E=ASX&N=634954

--------

Die shareholder sind ziemlich angepisst.. verständlicher weise!!!

auf hotcopper gelesen:
"The AGM was a non event with only 3 shareholders attending.
Judging from the results of the resolutions, they were passed only because the Chinese voted for them, nearly all other votes from retail shareholders were against the reolutions.
Richard Mehan wouldn't be happy with 87,587,450 votes ie. 11% of the vote against his remuneration package, it was only the Chinese who voted for it.
Shareholders have spoken, management now know that they'll need to lift their game."

Dazu gabs noch ein bild von dem zugehörigen artikel im west australian.. finde ich aber leider nicht.. und bei hotcopper muss man angemeldet sein um ihn zu lesen..

gruß black.jack  

das müsste der artikel sein:

Grange in a holding pattern
Nick Sas, The West Australian May 9, 2013, 7:19 am


Grange in a holding pattern

With its flagship project on ice and its share price hitting 10-year lows, Grange Resources managing director Richard Mehan has conceded its current situation is not one to promote, and it will continue a holding pattern until conditions improve.

Speaking to shareholders at its general meeting yesterday, Mr Mehan, who has been in the role since September, said in the context of the general negative sentiment surrounding small resource stocks, and its corporate inactivity, it was logical to remain on the sidelines.

Grange operates the small but profitable Savage River magnetite operation in Tasmania, but announced in late November its flagship $2.9 billion Southdown project near Albany would be put on ice until market conditions improved, after it failed to find a strategic partner.

The announcement, along with the September iron ore price meltdown, has correlated into a severe drop in Grange's share price, which hit a 10-year low of 13.5¢ earlier this month.

Mr Mehan, along with chairman Zhiqiang Xi, admitted yesterday they had received concerned calls from shareholders questioning the price demise.

Responding to a question at yesterday's meeting on Grange's lack of marketing strategy from former Grange managing director Russell Clark, who still owns 1.8 million shares in the company, Mr Mehan said if you did not have a good story to tell, it was not the time to talk.

"Frankly the company has had three difficult quarters, particularly in terms of costs (at Savage River)," Mr Mehan said.

"And in December we announced the growth project (Southdown) that we talked about so much, for good reasons, for the previous four years, has been reduced to a minimum expenditure.

"We've been out there talking to people and telling them the company's in good shape, but in terms of being able to announce something that is a great marketing development or opportunity, it's been a very difficult time to do that.

"We have been doing some, but we haven't - in the past eight or nine months - had a great story to tell."
According to Grange, which is 59.5 per cent owned by Chinese steel mill Shagang International Holdings, it has $164 million in cash, term deposits and trade receivables and no net debt.

http://au.news.yahoo.com/thewest/business/a/-/wa/...-holding-pattern/  

Etwas ruhig geworden in dem Thread hier, obwohl sich gerade gute Einstiegschancen bei GRR bieten. Es hat sich ein Boden gebildet, der Kurs nimmt langsam Fahrt auf und der IO Preis erholt sich auch. Zudem ist Grange auch bei aktuellen und sogar niedrigeren IO-Preisen noch profitabel und zahlt regelmaessig Dividende.

Grossaktionaer Shagang hat im Mai bei 0.17AUD aufgestockt und es gibt sogar Geruechte, dass sie GRR zu diesem Preis komplett uebernehmen koennten. Immerhin entspricht der aktuelle Kurs lediglich den Barreserven von GRR...

 

Quartalszahlen sind raus...

www.asx.com.au/asx/statistics/displayAnnouncement.do

 

ja ich bin tatsächlich auch noch da..

Grange hat da wirklich eine harte Zeit durchgemacht.
Es ist viel schief gelaufen.. viel fluktation im management, ein steinrutsch der nun über eiunem jahr auf die operativen ergebnisse drückt, fehlender equity partner für southdown..

Doch für mich scheint es als könnte das aktuelle Quartal die Wende bringen.. Hoffentlich auch nachhaltig!

Hier die neue Präsentation: http://stocknessmonster.com/news-item?S=GRR&E=ASX&N=657896
Interessant besonders folie 8. sie ist es die mir in verbindung mit einem wiedererstärktem IO Preis hoffnung auf ein gutes quartal gibt!

Nun muss Gragne liefern.. Schaffen sie mal wieder >500.000t pellets zu produzieren? und viel wichtiger wie wirkt sich die gesteigerte recovery auf die C1 costs aus? im letzten halben jahr betrugen diese >130$ Dazu wurde ein recht schwacher durchschnitts verkaufpreis von ~140 erreicht.. alles in allem eine minus geschichte..

das cash polster ist in den letzten jahren deutlich geshrumpft, aber anscheinend hat man auch schulden abbezahlt, regelmäßige dividende ausgeschüttet und hoffentlich auch gute investitionen getätigt..

Die Marge in diesem Quartal sollte deutlich besser werden und hoffentlich wird das vom Markt nun auch honoriert..

gruß black.jack