Well I have seen snails move faster than this company, take a look at what is going on with other Mineral Sands companies, time to get a move on people.
ASX, ILUKA.
Driving the rise was a boost in mineral sands revenue, up $165.2 million, on the back of increased sales volumes in the first quarter of 2017.
Total zircon, rutile and synthetic rutile production rose 35.5 per cent to 453.1 thousand tonnes, bringing its total mineral sands production to 681.2 thousand tonnes, an increase of 36.6 per cent.
Iluka said strengthening market conditions for zircon and titanium dioxide products produced free cash flow of $180 million, allowing it to reduce net debt by 40 per cent to $305 million.
It increased its full-year production guidance to 795 thousand tonnes, compared to 720 thousand tonnes previously stated, but reduced its capital expenditure guidance to $135 million from the $260 million announced in January.
TSL Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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