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$6.68 iluka resources limited

South Flank imminent, page-4

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billy duckworth

3,425 Posts.

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27/03/18

22:19

Post #: 32072080
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Originally posted by Ashentegra ↑

I understand your desire for simplicity and purity but don't agree, billy.

The IO royalty kept ILU going a few years back when it was building a giant stockpile of zircon. The pile has now halved and erased the debt taken on to buy SR.

The royalty cashflow allowed ILU to operate strategically. It is a leading player in Zircon, Rutile and syn Rutile, which it upgrades itself from low-value Ilmenite. I don't think it would have achieved this relying solely on mineral sands.

And it was no trouble for the sand mining team to manage the IO royalty - ensure they were paid correctly, negotiate well with BHP etc. You or I couldn't do that.

The royalty is an odd companion to ILU's main business. But it works.

Ash

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I reckon, Ash, that hiving off the royalty would simplify matters: if as an investor I wanted pure mineral sands or an iron ore play, I could make appropriate decisions on where to put my hard-earned. We'll have to agree to disagree.

Good to see the price holding well ex-div.

ILU Price at posting: $10.71 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $6.68		Change -0.140(2.05%)		Mkt cap ! $2.860B

Open	High	Low	Value	Volume
$6.82	$6.84	$6.66	$9.542M	1.421M

Buyers (Bids)

No.	Vol.	Price($)
1	3908	$6.67

Sellers (Offers)

Price($)	Vol.	No.
$6.69	5	1

View Market Depth

No.	Vol.	Price($)
1	3908	6.670
5	17963	6.660
1	6531	6.650
2	20234	6.640
2	9481	6.630

Price($)	Vol.	No.
6.700	5300	2
6.720	13703	1
6.730	14911	6
6.740	10871	2
6.750	8708	1

Last trade - 16.10pm 03/10/2024 (20 minute delay)

ILU (ASX) Chart