iluka needs shakeup

In My Opinion

This company sounds like it is facing another 3 years of management streamlining and productivity improvements - WHAT ABSOLUTE RUBBISH - LIPSERVICE - If this was genuine and effective we would now be seeing improved earnings and an improved share price.

GEOLOGICAL MANAGEMENT SHOULD BE PUNISHED - It is unacceptable that Iluka has had a quarter of reduced zircon production (-13.3% volume) & has now forecast that this will continue into the next quarter. They have been sitting on resources capable of maintaining an increase in zircon production for many years ahead (and I am not talking about the Eucla Basin Deposits which in relative terms have only recently been found).

Where is the blue-sky that this company should be offering to shareholders (and should be getting promoted by their exploration director). Through a relatively small budget of 4-6 mill per annumm this company could be engaging in multi-commodity exploration.


A message to management should be; " stop procastinating your navel. Consider aggressive growth options".

Until investing in Iluka I used to think that the statement "If you don't grow you die" a bit light-weight. I can now understand it when looking at the quasi-government nature of this company.

I suppose the next thing they will do is cut the dividend!



Disclaimer: The above post is purely my own opinion. It is not to be considered to be fact or advice in any way whatsoever. It is purely for entertainment purposes.