What are MM’s thoughts on WHC, ILU & KAR?

Hi Debbie,

1. Whitehaven Coal (WHC) $10.89: is a stock MM sold too early, at this stage we’re still looking to buy a decent pullback in the space, when it finally occurs!
2. Iluka Resources (ILU) $9.34: we are conscious of muted trends in Mineral Sands in the past week or so from other global players who have spoken to lowering of demand. This is a late cycle commodity, by that we mean that demand & prices etc will roll off later than other commodities. We are 50/50 on ILU right here given the trends we have seen globally in the past week and it is a potential funding vehicle for other purchases in our Flagship Growth Portfolio through October.
3. Karoon Energy (KAR) $2.26: we are still bullish KAR looking for another ~10% upside but the risk / reward has diminished following Fridays strong rally.

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Karoon Energy Ltd (KAR)

LAST UPDATED 07/10/2022 12:30

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Karoon Energy Ltd (KAR)

LAST UPDATED 07/10/2022 12:30