ILU 0.61% $6.56 iluka resources limited

No shorting going on, The reason behind the sharp drop is linked...

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  1. 7,267 Posts.
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    No shorting going on, The reason behind the sharp drop is linked to the spin-off of its royalties business.The Deterra Royalties (ASXRR) share price started trading on the ASX today with Iluka’s shareholders receiving one DDR share for every one ILU share they hold.The DDR share price is currently trading at $4.77 and if you combined the value of both stocks, shareholders are actually sitting on a small gain.
 
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