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Iluka Resources (ILU) announced its intention to “demerge Sierra Rutile” as an “ASX listed, West African focused mineral sands company”. ILU says that the demerger, which is expected to be completed in 2022, will “allow ILU to focus its capital allocation priorities & management attention on its core Australian assets & development opportunities”. ILU shares added 0.9%. DYOR i hold ILU time will tell if the demerged company offers any value ( to me ) , NORMALLY i tend to avoid African-based businesses ( ZIM is the major exception )
Iluka Resources (ILU) announced its intention to “demerge Sierra Rutile” as an “ASX listed, West African focused mineral sands company”. ILU says that the demerger, which is expected to be completed in 2022, will “allow ILU to focus its capital allocation priorities & management attention on its core Australian assets & development opportunities”. ILU shares added 0.9%.
DYOR
i hold ILU
time will tell if the demerged company offers any value ( to me ) , NORMALLY i tend to avoid African-based businesses ( ZIM is the major exception )
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