ASX:ILUMetals and Mining
Iluka Resources (ASX:ILU) Shares Drift As Projects Advance And Losses Persist
Iluka Resources shares closed at A$6.93 on Wednesday, roughly flat over the past month after a choppy few weeks. The stock is trading in the shadow of a company that is still loss making on a trailing basis, yet just printed a half year that turned the spotlight back onto cash and projects.
The headline this time is not earnings per share. It is the combination of solid mineral sands cash generation, a smaller statutory loss shaped by inventory and idle charges, and visible progress on the...