It's a big ask. I for one believe at this point in time it is fully priced at $7 but the market is a strange place.
$AUD strengthening is a plus.
Also note that historically Iluka is one of many resource stocks that usually still performs if there is in fact a AUD depreciation.
I have heard that ILU has rallied something like 7 out of the last 10 times when the AUD has depreciated.
Conclusion: safe stock to hold whether AUD is up or down.
DYOR of course.
Good luck to holders.
;
Nic
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