Liontown's Cash Reserves Coming Under Pressure -- Market Talk

Dow Jones10-31

2357 GMT - Lithium producer Liontown Resources is facing increasing pressure on its cash reserves, according to Macquarie. Liontown had A$263.1 million in cash at the end of 1Q. Macquarie said capex in the period was higher than expected. Liontown also signaled its reserves would run down by another A$65 million in 2Q. "Based on our current forecasts, cash levels could fall to A$130 million at the end of 2024 depending on sales volumes and realized prices," Macquarie says. It has an underperform call on Liontown's stock. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 30, 2024 19:57 ET (23:57 GMT)

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Liontown had A$263.1 million in cash at the end of 1Q. Macquarie said capex ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LTR.AU","symbol_name":"LIONTOWN RESOURCES LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2479779933","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479779933","pubTimestamp":1730332620,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2357 GMT - Lithium producer Liontown Resources is facing increasing pressure on its cash reserves, according to Macquarie. 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