I stuffed up. HotCopperites please IGNORE my comment in previous post. Overall bottom line projection of 5% is totally wrong. I took the figure out from the wrong spot.
Overall bottom line projection is therefore not conclusive or stated. The price of production is. Which is the overall cost of making the products for sale.
Let's hope for a better day.
Second comment about drop of 8%+ still think as over reaction. Price shot out of the bolinger indicating a one in thirty chance of such a change happening. So it's significantly gone over sold.
Will be interested in seeing if this will revive up it's long trend upwards, or whether it has taken a new route. I can see in the charts that if it follows the trend up, it ought to be supported at $3.95 or thereabouts at least.
Time will tell.
Apologies for mucking the figures up. My stuff up.
Ann: Iluka Production and Sales Update , page-3
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$5.75 |
Change
-0.220(3.69%) |
Mkt cap ! $2.462B | |||
| Open | High | Low | Value | Volume |
| $5.85 | $5.94 | $5.75 | $8.769M | 1.511M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4117 | $5.74 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.77 | 31967 | 2 |
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| ILU (ASX) Chart |