Minerals sands operator ILU is arguably the one that got away for MM in the Resources Sector as we’ve maintained our overweight exposure to these value names, it’s the inevitable hassle / frustration that comes with running real money portfolios! We were considering ILU around $8 for our Flagship Growth Portfolio but we were already fully committed to stocks when it touched $8.05, in hindsight we should have sold 1 of our losers that have failed to bounce over the last month as ILU has already rallied 23% and another 10% feels likely into 2022- shame but a least a good sign for the sector.
MM remains bullish ILU initially targeting $11
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