From Iluka's report.+ zircon demand has strengthened, Chinese...

From Iluka's report.


+ zircon demand has strengthened, Chinese have been restocking and the Vietnamese/Indonesia sales have peaked, this has allowed ILU to shift more zircon and rather than building stocks in the Murray Basin they have been able to sell more and negotiate higher prices in the second half.


It all looks pretty good to me. I had bought these at average 26c.
Bought a truckload more at average 13c to bring the overall average down to 15c. Once the bankable for WIM150 is done, the market will wake up. There are too many blue chip bargains at the moment for stocks like AZC to rally.
Patience will be rewarded.