Ann: Iluka Resources March 2015 Quarterly Production Report, page-4

Good to see at least some people following this stock. The initial drop on opening was expected given the poor results, but was a bit surprised to see it continue to fall during the day after recovering shortly after opening. That said, you can never really be surprised because this stock is always so volatile and could just as easily bounce back tomorrow.

According to the announcement results were in line with company expectations and they attributed much of the downturn to the usual cyclical drop at this time of the year. In addition some of the production was withheld and not shipped until April and so hopefully the June quarter will look better.

Its a tricky stock to trade and always best to buy it on the lows but not always easy to pick the lows as it has a habit of dropping more than one might expect if this all makes sense. Looking at the chart I thought it might have held at around $8.00 today but not to be. Good luck.