Been a long term holder I pulled my order today at 19.5c luckily after reading HC I am blown away with this announcement in the past they have said they were looking at other opportunities but that was in the mining space. Everybody is into property developing with a lot of small developers going to the wall this is not 2012 margins doing this are tight seems a little dodgy some director put them onto it. To me its a distraction from their core operations mining.
I actually thought the fall today in SP was due to Trump putting tariffs on Steel and Aluminium but FMG and MGX seem to be uneffected I will buy more GRR at 18c though.
Ann: Corporate Update - Grange Strategic Developments, page-38
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