ILU fell -4.4% yesterday following through from the “ok” report on Wednesday where production was in-line but we feel risks remain with the company’s future growth projects i.e. the news over recent weeks has been mixed for the Australian miners, especially in terms of profitability/progress of new ventures and integrations as ILU embarks on a large rare-earths project.
- We believe ILU is fully priced at around $10.50 until we see evidence its growth pathways are progressing nicely.
MM is neutral toward ILU
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