ILU 2.59% $5.64 iluka resources limited

please explain, page-7

  1. 11,155 Posts.
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    I'm cautiously in - I think this is a buy the dips situation (in this case intraday for me) - and the news is suggestive of no change in the recent uptrend from mid november that has been tested twice in mid dec and mid jan. Also this stock has been hit hard - I haven't done much homework - but expect that the value must obviously be becoming more appealing.

    Also from the ann "Several lead indicators, including housing completions and sales in China and US manufacturing activity, as well as the avoidance of worst-case scenarios associated with economic slowdown and leadership transition in the former, and the US “fiscal cliff” in the latter, together with some signs of increased confidence levels across parts of Iluka’s customer base, provide a basis for a more positive demand environment to emerge in 2013."
    Can't really argue with that so far this year.

    GLTA
 
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