Tag: ASX:ILU

Iluka Resources has a new higher low formation, the stop loss on a new trade entry will go at $6.79

Iluka Resources has a new higher low formation, the stop loss on a new trade entry will go at $6.79

Iluka Resources

Iluka Resources is added to our watchlist and we’ll revisit this one later in the week.

Iluka Resources is under Algo Engine buy conditions.

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Iluka Resources is under Algo Engine buy conditions.

Iluka shareholders will have the opportunity to vote on the demerger at a meeting on 16 October 2020. 

If the demerger proceeds, eligible shareholders will receive one share in Deterra for every Iluka share held at the demerger record date.  Iluka will retain a minority shareholding interest of 20 percent in Deterra as a long-term investment.

The demerger will result in two independent ASX-listed companies – Iluka Resources Limited, a global leader in the mineral sands industry and Deterra Royalties Limited,  the largest independent royalty company listed on the ASX, with the MAC iron ore royalty as its cornerstone asset.

Iluka Resources is now under Algo Engine buy conditions and we see buying support increasing at $9.00.