Nice to see that the Australia stock report rates grange resources as a buy :) The report came out on the 28 July, so that might explain the rise in the sp over the last couple of weeks. Looking good :D
Grange is up 7% to $2.35 today, its been a good week up 40c. :) Nice to see some buyers starting to line up, however the sellers are starting to dry up. Hopefully a bit more positive news about southdown will push it through the $3 mark.
I bet you those 'sophisticated' investors dont feel so sophisticated at the moment. I am extremely suprised that the asx has not given it a ticket, if they gained 300% in a week they would be all over them.
Nice to see the price slowly heading north again, sitting at $2.04 at the moment on low turnover. Interesting to see that russias Evraz Group has showed some interest in Cape Lambert Iron Ore, this might put further interest into the southdown project.
How low can you go, :bonk: trading at 4.6c today, this is getting ridiculous. Wouldnt be suprised now to see them go to 2c like they were during the old smo days. Might be a good buy then :rolleyes:
What a dog of a share. It closed at 9.9c yesterday. Im glad I didnt buy into the SPP. Sorry to those of you who did, you have been well and truely ripped off. :banghead:
Jez they have been hammered again today, a low of $1.365. :banghead: I guess the prospect of having a large debt to fund southdown is too scary for most investors.
Whats peoples thoughts on this one? In December there were media releases every where that Grange was in 'talks' with a number of middle eastern companies, but I havent heard anything since. I see that they were over at the Australian resources conference in Dubai this week promoting Southdown...
yer already 30 million turnover before lunch :eek: Is there something I have missed? Last time we had this big of a turnover the stock price went from 25c to 35c.
Well the news is out and as suspected Grange has signed an agreement with Rio Tinto to acquire a 100% interest in Rio Tinto’s Exploration Licence E70/2512 containing the eastern 6km extension of the Southdown magnetite deposit.
Well this website is speculating that grange will be doing a deal with rio, interesting.
http://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=5DC7F5AE-17A4-1130-F50157E982C3D00B
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