ILU 1.28% $5.52 iluka resources limited

Sierra Rutile looks harder than anticipated.  The big boost to...

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    Sierra Rutile looks harder than anticipated.  The big boost to rutile output it brought may be hard to sustain.

    Unpleasant to not meet own production guidance when prices are so strong.  TO'L & team have work to do.  


    Modest capex target for coming year.

    M&A activity probably suspended - pro-cyclic to pay fancy prices inflated by strong commodity prices.


    ILU remains a strong and profitable business. Must have zeroed the debt about now too.


    Ash

 
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