Minerals sands & rare earths newbie ILU has held above $10 even after paying a 25c fully franked dividend earlier in the month. Further consolidation around $10 wouldn’t surprise but after its strong half-year result in late August we feel a charge towards $12 is on the cards once the market overcomes its ongoing bond market jitters.
- We remain long and bullish ILU following its 37% correction earlier in the year.
MM remains bullish ILU targeting a break of $12 in 2022
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