I'd like a profitable, resilient business with a big vision. Iluka is resilient, but lacks vision and profit. A big part of that resilience is the iron ore royalty. I believe these iron ore assets were a hangover from when Iluka was RGC. You could argue that the RGC / Westralian sands merger was a mistake - if the strategic focus at the time of the merger had just been RGC's iron ore tenements, then I believe you would today have a company of comparable size to Fortescue. I think Iluka's strategy over the David Robb era was dictated by investors like yourself, which I believe is a mistake. The company should present a vision to transform itself into a global mining powerhouse, rather than dither over the 1-2 billion it will get from the sale of the royalty.
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I'd like a profitable, resilient business with a big vision....
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Last
$6.88 |
Change
0.070(1.03%) |
Mkt cap ! $2.945B |
Open | High | Low | Value | Volume |
$6.94 | $7.03 | $6.82 | $10.57M | 1.535M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3427 | $6.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.88 | 2123 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1760 | 6.810 |
3 | 50545 | 6.800 |
1 | 4000 | 6.730 |
1 | 80 | 6.700 |
1 | 500 | 6.680 |
Price($) | Vol. | No. |
---|---|---|
6.930 | 130 | 1 |
6.950 | 11394 | 1 |
6.970 | 604 | 3 |
6.990 | 2572 | 3 |
7.000 | 2800 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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