Have you heard the one about the Tasmanian iron ore miner, Melbourne's most exclusive residential property market, the former AFL footballer and the diversification strategy that has been labelled "bizarre" by angry shareholders?
Welcome to the world of ASX-listed Grange Resources, the Chinese-dominated miner that has stunned investors with a plan to diversify into luxury residential property development.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
