$GRR #ASX - Grange Resources has some unusual volume

30 ott 2018

Grange Resources Limited is an Australia-based company, which owns and operates iron ore mining and pellet production business located in the northwest region of Tasmania. The Company operates through the segment of exploration, evaluation and development of mineral resources and iron ore mining operations. The principal activities of the Company include the mining, processing and sale of iron ore, and the ongoing exploration, evaluation and development of mineral resources particularly, the Southdown Magnetite and associated Pellet Plant Projects. The Southdown Magnetite deposit is located approximately 90 kilometers (km) northeast of Albany on the South coast of Western Australia. Southdown Magnetite and Associated Pellet Project(s) is a joint venture between Grange Resources Limited and SRT Australia Pty Ltd. The joint venture proposes to mine and exports iron ore pellets and concentrates. Its Savage River magnetite iron ore mine is 100 km southwest of the city of Burnie.

Bit of unusual strong volume coming through on this one. Has some good fundamentals so hoping it stands up as a bit of a defensive stock during these more turbulent conditions.

Bought in at .21

Falling sell trigger at .194 to .19 worst case sell. Heres hoping I dont get stop hunted...

27 feb 2019

Nota

Took a bit of patience, but its been running well recently. Might be another chance to top up with the latest pull back.

28 feb 2019

Nota

Headed the wrong way on the open so waiting to see if it holds support above 25 and moves back up.

10 apr 2019

Nota

Well its ran for a nice 30% gain so far. Looking like momentum is back in so might be time to think about topping up.