ILU 3.60% $6.16 iluka resources limited

Ann: Intention to demerge Sierra Rutile, page-2

  1. 5,473 Posts.
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    The world's best rutile deposit and a deep-pocket technically skilled Western investor who gave the operation a good honest try is just walking away.

    Perhaps BSE would be interested - though that option would have already been canvassed.

    A sad day for Sierra Leone and its people. I cant imagine what it is like to work there - incompetence, corruption, ignorance and crime.

    ILU holders will be fine - the market attributes nil value to Sierra Rutile and is very pleased about the REE initiative.

    Ash
 
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