cash flow
Mineral sands producer Iluka Resources Limited (ASX:ILU) announced that it is now in a better position for mergers and acquisitions due to a fall in debt and increased cash flow.
In today's speech, managing director David Robb said, "Iluka is building a strong balance sheet, which better enables us to contemplate acquisitions than has been the case previously.
"Within the mineral sands universe, currently there is little we assess as particularly attractive."
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