ILU 0.81% $7.31 iluka resources limited

Billy, I understand the H1 impairment, but that was my point. So...

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    Billy, I understand the H1 impairment, but that was my point. So far we have :

    1) $151m impairment for Hamilton (H1)
    2) $115m impairment for US Rehab (H2)
    3) Unspecified but "likely" impairment for Metalysis investment as per Q3 report (H2)

    That's close to $300m in impairments this year. If the broker consensus is for NPAT of ~$120 million, the underlying profit before impairments would have to be in the order of $400m which I just don't see.

    Like you I'm also interested in the cash situation, but the media are more likely to report the headline NPAT number. We'll find out tomorrow !
 
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