Market Seen as Too Bullish on Liontown Medium-Term Output
Dow Jones
Yesterday
0142 GMT - Consensus production forecasts for Liontown are set to be downgraded following a final investment decision on the Kathleen Valley mine expansion, says CLSA. "Today's announcement implies 12%/11% downgrades to consensus production forecasts over FY28/29," the broker says. CLSA says it was cautious heading into the approval because of what it says were "overly aggressive ramp/recovery consensus expectations at KV, particularly in FY28/29." The longer-term outlook--post FY30--is more positive, however, implying 7% upside to consensus forecasts, CLSA says. Shares are up 3.7% at A$0.985.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.