Business
Iluka (ASX:ILU) share price surged higher on a potential $1bn+ valuation uplift
The Iluka Resources Limited (ASX: ILU) share price is outperforming its peers on Wednesday on talk that that it could unlock $1 billion in extra value.
The Iluka share price surged 4.7% to $6.91 when the S&P/ASX 200 Index (Index:^AXJO) struggled to finish in the black.
The rally in the mineral sands miner also eclipsing other ASX miners. The Rio Tinto Limited (ASX: RIO) share price fell 0.6% to $120.74, Lynas Rare Earths Ltd (ASX: LYC) share price dipped 0.2% to $4.37 and OZ Minerals Limited (ASX: OZL) share price increased 1.2% to $20.46.
Unlocking value in the Iluka share price
The rally in the ILU share price coincided with a note by Goldman Sachs, which quantified the possible upside if Iluka moved ahead to build a processing…
-
General19 hours agoSupermarket worker dead, attacker on the run after fatal stabbing in Nightcliff
-
Noosa News22 hours agoBunnings strikes agreement to address concerns of ‘terrified’ plant growers
-
Noosa News19 hours agoBillboards vs content creators – the new frontier in election marketing
-
General17 hours agoWA mother Stacey Cunningham found guilty of careless driving causing death of two children, spared jail time