Perth based miner ILU hit an all-time high in September following solid demand for mineral sands enabling it to deliver a strong half-year report i.e. NPAT was up 14% to $129m on revenue increase of over 60% to $735mn. However as has often been the case with the Australian Resources Sector in 2021 selling new highs, following “good news”, has paid dividends, in this case ILU has corrected 17% – another 7% and MM will be considering purchasing the stock.
MM would be a keen buyer of ILU under $8.30
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