ILU fell over 4% yesterday following a presentation at a Mineral Sands conference. We’ve been monitoring this mineral sands operator for a few months and remain keen buyers around 8-10% lower. A few tough days for the resources as sector rotation continues and our ideal purchase level could easily be achieved sooner rather than later.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM remains a buyer of ILU around $8
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