GRR grange resources limited.
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I don't understand why this company holds US$. It resulted in a...

  1. ralphmouth
    151 Posts.
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    28/02/18
    08:55
    Post #: 31402069
    I don't understand why this company holds US$. It resulted in a $7.5million loss for the year.

    They don't pay expenses in US$ so don't need to hold US$.

    The company should be selling US$ forward to the value of sales and not be exposed to to the exchange rate.

    This is just a crazy strategy or a mark of gross incompetence. Whoever is responsible should be asked to reconsider there position.

    Unbelievable. No wonder some of the posters missed the profit predictions.
    GRR Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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14.3¢ 		Change
-0.003(1.72%) 		Mkt cap ! $167.8M
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Last trade - 16.10pm 03/07/2026 (20 minute delay) ?
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