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ILU - Iluka Resources

yeah lots of things could happen ... but hey that's the nature of the beast bloke ... Tom O'Leary would need to be on his game. Expect that though.

Kind regards
rcw1
 
From Iluka's website:

i bet the long-term holders of LYC and choking with laughter and frustration at this whitewash

there MIGHT have been processing in Australia if WES had taken over LYC

but here we are strangled by paperwork and red-tape again .. and 'the environment ' still reigns supreme in political thinking

( i hold ILU and WES )
 
This looks to me as if is likely breaking above its seven month downtrend resistance line?
Hasn't looked back since my paltry maiden buy. Was hoping to accumulate but don't think I'll chase it.

Held
Holding

 
Iluka dropped 6% today on ordinary volume, however Vanguard group has been accumulating and posted an increase of substantial holding notice. Can't be bad - can it?
Competed with other possible buys for my attention today (NHC, WHC and SND).
Not a call, but a little further down in price looks possible?

Held
Accumulate



 
Vanguard ( i hold VAS and ILU ) openly advises that it lends portfolio shares out so maybe it is bad

since ILU is shrinking in market cap. one might wonder where the extra shares are being allocated ( surely not into VAS )

have they a new resources-focused ETF on the way ?

i have a 'low-ball order ' in the market for extra ILU

am very cautiously accumulating
 
Once bitten twice Shy ha ha......got in at $8......Got out at $6.40....May end up a Nice Trade, but not with my Money!
have been in ILU for a fair while

in theory i am down 49% , but then i was given some SRX ( since take-over ) and DRR ( so buying price is not the whole story )

i am treating this as a titanium play ( with some REE potential in the longer term )

i have been kind of 'channel trading ' this without actually using that strategy here , ( just taking some cash off the table when it breaks $11 )
 
Bottom of the bicycle pick up for me - zircon + rutile - along with the longer term aspiration to be a REE processor.
A jaded ex holder has made an appearance on the thread (ShareSuccess) - all grist to the mill for my contrarian thesis. Cash from trash.

Held
Accumulate
 
Uh oh, Market Matters sent out a trade alert this morning - they're selling ILU (and buying EVN)
Good for me I guess as I'm maintaining a buy disposition.

Held
Accumulating
 
Via Market Matters today:

"Morgan Stanley has become bullish on Rare Earths, upgrading both Lynas (LYC) +6.97% and Iluka (ILU) +2.08% to buy equivalent, saying… “Generative AI is fast enhancing Robotics capabilities which is expected to create a sizeable humanoid market… this could add cumulative incremental demand of up to $US800 billion across covered critical minerals by 2050,”

Held
Accumulate
 
Notice today of becoming an initial substantial shareholder from Mitsubishi UFJ Financial Group, Inc.
 
Via Market Matters. Is this good or bad or nothing. I mean someone sold a big pile but equally someone bought the big pile and not at a big discount? Almost added today, went for more IPG instead.

Held
Accumulate

"A block of 5 million shares in Iluka Resources (ILU) -0.83% , equivalent to 1.2% of float, traded at a market value of A$18 million around midday.
The price was A$3.60 per share, a discount of 0.4% from Monday’s close; Iluka fell 1.1% Monday and is down 29% this year"
 
well that depends on who was buying , ILU used to have a reputation as a good swing trade , so is some fat-walleted trader sense a market bottom ?

if not a trader , does someone think there is a bid coming for that rare earth stock-pile sitting above ground ?

or maybe somebody thinks a partner is coming to JV a rare earth processing plant to put the stock-pile through

but what if it was a big seller ( offloading to a broker ) does the seller fear ILU will be booted out of an index of two in the next S&P rebalance

Index Participation​

Index Participation Names​

S&P/ASX SMALL RESOURCES
S&P/ASX SMALL ORDINARIES
S&P/ASX 200 Materials (Industry Group)
S&P/ASX 300 Materials (Industry Group)
S&P/ASX 200 RESOURCES
S&P/ASX 300 RESOURCES
S&P/ASX 300
S&P/ASX 200
All Ordinaries

a boot out of the 200 would dampen some demand
 
Market Matters afternoon report:

"Iluka (ILU) +7.1% had a good day after a block of 5m shares equivalent to 1.2% of the float, traded at $3.73, a 1.8% premium to the market at the time, implying the transaction was buyer led."
 
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