Author: openjargon

The Arafura Rare Earths Ltd (ASX: ARU) share price is flying higher today.

Shares in the S&P/ASX 300 Index (ASX: XKO) rare earths miner closed yesterday trading at 18 cents. In morning trade on Thursday shares are changing hands for 20 cents apiece, up 11.1%.

For some context, the ASX 300 is up 1.1% at this same time.

Investor interest appears to be stoked by another major funding announcement.

Arafura share price leaps on German funding news

The Arafura share price is soaring after the company announced that the German government has issued conditional approval for up to US$115 million (AU$173 million) in Untied Loan Guarantees from Euler Hermes.

The funds would support debt financing for Arafura’s rare earths Nolans Project.  

The agreement with Euler Hermes will secure neodymium and praseodymium (NdPr) supplies for German-based companies, including Siemens Gamesa. This further sets Arafura up as an important provider of rare earths outside of China.

The miner noted that the approval from Euler Hermes is the final German export credit agency (ECA) approval required to complete its senior debt structure. With this approval, Arafura can finalise its targeted US$775 million senior debt funding for the Nolans Project with commercial lenders.

Arafura must maintain ECA-linked offtake agreements for the term of the loan guarantee.

Commenting on the conditional funding approval sending the Arafura share price soaring today, managing director Darryl Cuzzubbo said, “Today Arafura reached another significant milestone in announcing conditional approval of US$115 million in untied loan guarantees from Euler Hermes.”

Cuzzubbo added:

We continue to demonstrate the increasing geostrategic importance of the Nolans Project and developing a diversified global NdPr supply chain, this time by securing German export credit agency support.

This agreement is linked to offtake with German-based companies, including our key customer Siemens Gamesa, who are global leaders in building wind turbines to advance the energy transition.

We look forward to working closely with Euler Hermes as we progress the Nolans Project.

Arafura said it has already completed an extensive legal, technical and financial due diligence program with financiers, adding that offtake discussions with potential counterparties are “well advanced”.

Arafura’s ore to oxide business model has enabled it to secure high-quality offtake counterparties.

The miner will update the market once the expected binding agreements are entered into.

How has the rare earths miner been tracking?

The Arafura share price has been recovering from a big sell-off in 2023. With today’s intraday gains factored in, shares in the ASX rare earths miner are up 17% so far in 2024.

The post Why did the Arafura share price just leap more than 11%? appeared first on The Motley Fool Australia.

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• Why Arafura Rare Earths, Ora Banda, Superloop, and Whitehaven Coal shares are rising today
• Why Arafura Rare Earths, Bigtincan, Evolution Mining, and Galileo Mining shares are dropping

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

I like buying ASX shares at really attractive prices. Some stocks are trading at levels that are currently undervalued, in my opinion, so I’m seeing appealing opportunities.

There are several different ways to spot good value in a company. These include whether it’s trading at a large discount to its underlying asset value, if it has a lower price/earnings (P/E) ratio, or if the market does not identify its growth potential.

One of the stocks below is valued at a big asset discount. The other ASX share has seen its share price decline, yet the earnings growth outlook is appealing to me.

Bailador Technology Investments Ltd (ASX: BTI)

This company invests in technology businesses seeking growth-stage investment. It usually invests in businesses run by the founders, with proven business models boasting attractive unit economics, international revenue generation, a huge market opportunity, and the ability to generate repeat revenue.

Every month, Bailador tells investors what the underlying value of its portfolio is, which includes a relatively conservative valuation of each investment and also the cash on the balance sheets.

The ASX share recently expanded its portfolio with two investments.

It invested $20 million in Venture Startups International, which owns Updoc, a digital healthcare platform that connects consumers who need medical services (advice, online prescriptions, referrals, etc.) with registered health practitioners through a telehealth offering.

The business also invested $20 million in financial advice and investment management platform DASH Technology Group.

At 31 May 2024 it had pre-tax net tangible assets (NTA) of $1.76, while the post-tax NTA was $1.61. The current Bailador share price is at a 26% discount to the post-tax NTA and a 32% discount to the pre-tax NTA. That’s an appealing discount for exciting technology businesses, in my opinion.

Collins Foods Ltd (ASX: CKF)

Collins Foods is a large franchisee operator of KFC outlets in Australia and Europe (Germany and the Netherlands).

I think the Collins Foods share price looks good value after falling more than 20% over 2024 to date.

Inflation and a high cost of living are disrupting the ASX share, but I think the long-term prospects look very promising.

The company is growing the number of KFC locations across both continents, which can add scale benefits and boost revenue in the longer term.

During FY24, Collins Foods added seven new restaurants in Australia, taking its national footprint to 279 locations. KFC Europe saw its network reach 75 restaurants, with the Netherlands seeing an increase of 11 locations after eight acquisitions and three new builds.

The FY24 result showed exactly what I wanted to see – double-digit revenue growth of 10.4% to $1.49 billion, underlying earnings before interest, tax, depreciation and amortisation (EBITDA) growth of 12% to $230 million and underlying net profit after tax (NPAT) growth of 15.6% to $60 million.

I love it when profit rises faster than revenue, demonstrating strengthening profit margins. FY25 may not show as much earnings growth amid difficult economic conditions, but I think FY26 could be very promising.

The ASX share also grew its full-year dividend by 3.7% to 28 cents. The FY24 grossed-up dividend yield is 4.4%.

According to the estimate on Commsec, the Collins Foods share price is valued at 14x FY26’s estimated earnings.

The post 2 ASX shares to watch while they’re still dirt cheap appeared first on The Motley Fool Australia.

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• Here are the top 10 ASX 200 shares today

Motley Fool contributor Tristan Harrison has positions in Bailador Technology Investments and Collins Foods. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bailador Technology Investments. The Motley Fool Australia has recommended Bailador Technology Investments and Collins Foods. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Tesla (NASDAQ: TSLA) shares have closed higher for six straight days, and a seventh looks likely after today’s market closes. The rally has boosted shares of the electric vehicle (EV) leader by almost 40% in just the last month. Shares were higher again today by 6% as of 12:05 p.m. ET.

The most recent surge comes after Tesla reported relatively strong vehicle delivery results from the second quarter yesterday. That led to widely followed Wedbush analyst Dan Ives lifting his already lofty price target on the stock to near a Wall Street high among analysts following the company. Ives bumped his price target from $275 to $300 per share today. That would represent a gain of another 30% from yesterday’s closing price.

EV demand is starting to look healthy again

Tesla delivered nearly 444,000 electric vehicles (EVs) in the second quarter. While that was a 4.8% decline compared to the prior-year period, it was higher than many analysts expected. And Ives thinks it’s just the start of an acceleration in EV sales for Tesla. In his report today, Ives wrote:

With the majority of price cuts in the rearview mirror and demand stabilization globally for EVs, especially in China, we believe Tesla’s march toward 2 million units annual trajectory should be reached over the coming quarters.

The optimism for Tesla stock isn’t just about EVs, either. The company reported record deployments of its energy storage products. Its 9.4 GWh (gigawatt hours) of energy storage products deployed outpaced the previous record in the prior quarter by 129%.

That could help boost earnings and sales when the company reports its full second-quarter results on July 23. Investors are also looking forward to a potential catalyst from Tesla’s robotaxi update coming on Aug. 8. Investors seem to want to be in the stock ahead of those updates.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Why Tesla shares kept rallying today appeared first on The Motley Fool Australia.

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Howard Smith has positions in Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Tesla. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Boss Energy Ltd (ASX: BOE) shares are catching the eye on Thursday morning.

At the time of writing, the ASX 200 uranium stock is up 3% to $4.32.

Why is this ASX 200 uranium stock pushing higher?

Investors have been buying the company’s shares today in response to the release of announcement.

According to the release, Boss Energy has been making strong progress in the commissioning and ramp up of its Honeymoon uranium mine in South Australia.

So much so, it notes that a total of 57,364lbs of U308 was produced by 30 June 2024.

This means that the ASX 200 uranium stock can now make its first delivery to European nuclear utilities under its existing sales contracts. As a result, revenue will be received in the current quarter.

What’s next?

It appears to be onwards and upwards from here for Boss Energy.

Management notes that with the NIMCIX Column 1 performing to expectations and the construction of Columns 2 and 3 on track for completion in the September and December quarters, respectively, it expects production to total at least ~850,000lbs of U308 by 30 June 2025. This is in line with its feasibility study schedule.

After which, the company is positioned to outperform feasibility study forecasts in FY 2026. Management expects production to be greater than 1.63Mlb. It then sees potential for capacity to increase to 2.45Mlb per annum the year after and onwards.

The ASX 200 uranium stock’s managing director, Duncan Craib, appeared to be pleased with the performance of the Honeymoon project. He said:

The start-up phase at Honeymoon is proceeding comfortably to plan, with all the key metrics running in line with, or exceeding, the forecasts contained in the Feasibility Study schedule. Construction of the second and third columns is also advancing well, ensuring we are on track to continue increasing our production rates.

Total production in FY26 is set to meet or exceed our feasibility study forecasts at 1.63Mlb. The addition of columns 4, 5 and 6 are forecast to further increase the production rate to nameplate capacity of 2.45Mlb/annum by year three.

Should you invest?

Bell Potter still sees a lot of value in the ASX 200 uranium stock at current levels. Last month, it put a buy rating and $6.35 price target on its shares.

This implies significant potential upside of 47% for investors over the next 12 months from where its shares trade today.

The post ASX 200 uranium stock storms higher on first shipment appeared first on The Motley Fool Australia.

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• Here are the top 10 ASX 200 shares today
• 3 of the best ASX 200 stocks to buy in FY25
• Here are the top 10 ASX 200 shares today
• Will the blistering rally for ASX uranium shares charge on into FY 2025?
• ASX 200 uranium stock tumbles despite significant new production potential

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Pilbara Minerals Ltd (ASX: PLS) shares have been sold off over the last 12 months.

During this time, the lithium miner’s shares have crashed 42% and now trade at $3.00.

Are Pilbara Minerals shares in the buy zone?

While it could be tempting to jump in and snap up the company’s shares after such a sizeable decline, one leading broker thinks investors should hold fire for the time being.

According to a note out of Bell Potter, its analysts have reaffirmed their hold rating and trimmed their price target to $3.40 (from $3.60).

While this implies potential upside of 13% for investors from current levels, the broker doesn’t appear to believe this offers a good enough return to warrant a buy rating. Particularly given “weak near-term lithium market sentiment.”

What is the broker saying?

Bell Potter has been busy updating its lithium price forecasts to reflect weaker than expected demand. This has resulted in the broker cutting its earnings estimates for Pilbara Minerals. However, it remains positive on the long term. It said:

We have updated our lithium price outlook on a slower than anticipated price recovery due to short-term demand weakness and supply dynamics. We maintain a strong EV-led long term market outlook, with prices supported by delayed investment in new sources of lithium supply. For FY25, we estimate SC6% prices to average US$1,200/t (previously US$1,400/t) and lithium carbonate of US$16,500/t (previously US$20,000/t). Concurrently, we have marked-to-market our June 2024 quarter SC6% price (US$1,170/t, 17% higher than expected) and A$/US$ FX rate (US$0.66/A$, 1% higher than expected). EPS changes in this report are: FY24 unchanged; FY25 -19%; and FY26 -2%.

In light of the above, while the broker is a big fan of the company, it isn’t enough to justify a buy rating. It summarises:

PLS is a large, liquid and clean exposure to global lithium fundamentals and sentiment. PLS is a low-cost producer, it operates in a tier one jurisdiction in Western Australia, and has a strong balance sheet ($1.8b net cash at 31 March 2024) which can withstand weaker lithium prices and support expansion programs. We are confident that EV-led demand will see strong long-term lithium market fundamentals. However, weak near-term lithium market sentiment results in us retaining our Hold recommendation.

Overall, it could be worth keeping Pilbara Minerals shares on your watchlist and waiting for a better entry price or for sentiment and demand to shift in the industry.

The post Down 42%: Are Pilbara Minerals shares good value now? appeared first on The Motley Fool Australia.

More reading

• Which ASX lithium shares are financially primed to survive this rut?
• Top broker says Pilbara Minerals shares are ‘a super buy at these levels’
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• Why Lovisa, Mayne Pharma, Pilbara Minerals, and RPMGlobal shares are falling today
• Pilbara Minerals shares hit 22-month low. Are short-sellers holding tight?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

One of the sharpest changes in our financial landscape, and for anyone investing in ASX shares, has been the change in interest rates over the past two years or so.

This will come as no surprise for anyone carrying the burdens of a mortgage, of course.

But one of the upsides of the Reserve Bank of Australia (RBA) raising the cash rate from 0.1% in April 2022 to today’s 4.35% has been the steep rise in returns one can get from simply holding cash in the bank.

Prior to 2022, most Australians would have become used to getting a pittance from keeping their hard-earned dollars in a savings account or term deposit.

After all, the last time the cash rate was above 4.3% was late 2011. And that didn’t even last that long. Australians spent almost all of the 2010s with an interest rate below 3%. Between 2016 and 2022, it was under 2%.

But today, with the cash rate at 4.35%, Australians can expect to receive an interest rate of 5% or even higher if they put their money in a competitive savings account or term deposit.

A safe 5% return on your cash is nothing to turn one’s nose up against. After all, bank accounts with up to $250,000 are essentially risk-free, thanks to the Federal Government’s ‘Financial Claims Scheme’ banking guarantee.

But with the returns from cash investments at this historical high, are ASX shares still a better investment? That’s what we’ll be analysing today. And given we’ve recently bid an old financial year farewell and welcomed in a new one, it’s a great time to do just that.

How did cash compare to investing in shares in FY24?

Luckily, a recent edition of AMP chief economist Shane Oliver’s ‘Oliver’s Insights‘ reveals the answer.

According to the newsletter, Oliver estimated that “two years of rate hikes” resulted in cash investments returning an average of 4.4% over the 2024 financial year.

However, Oliver also estimated that the returns from the Australian share market came in at 12% for FY24. Oliver stated that ASX shares benefitted from “the positive global lead but were relative underperformers again on the back of China worries, the RBA lagging in moving to cut rates and the greater sensitivity of Australian households to higher rates”.

That “positive global lead” refers to the performance of international shares. Oliver noted, “Global shares returned 21% in local currency terms over 2023-24, with a slight rise in the $A cutting this to a still strong 20% in $A terms”.

So an unequivically spectacular year for Australian stock market investors. Someone with $100,000 in ASX shares would be richer to the tune of $7,600 than if they kept that $100,000 in cash investments over FY24. And that’s without taking into account the benefits of franking credits from ASX shares, either.

Still, it’s not all good news from Oliver. To conclude with, he noted that “The risks regarding equity markets are higher than a year ago”. That’s thanks to geopolitical risks, and dangers that the current high interest rate environment could trigger a recession.

Let’s hope FY2025 proves as lucrative for Australian investors as FY24 did.

The post Here’s how much cash returned in FY24 compared with investing in shares appeared first on The Motley Fool Australia.

More reading

• Down 42%: Are Pilbara Minerals shares good value now?
• Buy this undervalued ASX 200 stock ahead of its demerger
• 3 strong ASX dividend stocks for income investors to buy
• Why the Liontown share price could jump 25%+
• Australian dividend machines: 3 ASX shares that generate reliable passive income

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Buying ASX 200 stocks when they are undervalued is a great way to generate big returns.

However, knowing whether something is cheap or simply a value trap can be difficult.

The good news is that analysts at Bell Potter have been doing the hard work for you and believe that big returns could be on the cards for buyers of undervalued Premier Investments Limited (ASX: PMV) shares.

What is the broker saying about this ASX 200 stock?

Bell Potter is feeling very positive about the retail giant’s proposed demerger of its Peter Alexander and Smiggle brands and its potential merger with Myer Holdings Ltd (ASX: MYR). In respect to the latter, it commented:

Premier Investments (PMV) recently announced the proposal received from Myer Holdings (MYR) to divest PMV’s non-core Apparel Brands (AB) to MYR via an all-script sale. We consider few scenarios on how the move could provide revenue/margin/cost savings outcomes for the combined group if the potential merger between Myer and AB succeeds. We see various opportunities for revenue/earnings incrementality up to $3/share within our current PMV valuation.

While MYR shareholders could benefit from an EPS accretion, we see upside to PMV shareholders given the ~64% post-merger ownership in MYR’s upsized earnings base from a previous 31%. While the higher earnings base yielding higher operating margins (BPe ~9% vs MYR’s current 6%) warrants a re-rate, this could see unlocking of significant value in post-merger MYR shares that PMV shareholders will own via the distribution of shares from PMV.

The broker has also spoken positively about the ASX 200 stock’s proposed demerger of the Peter Alexander and Smiggle brands and feels it makes its shares undervalued on current multiples. It adds:

We view PMV’s P/E multiple of ~15x (FY25e, BPe) as attractive, considering the value that we see emerging from the potential demerger of PMV’s two key brands, Smiggle and Peter Alexander which are global roll-out worthy somewhat similar to some of the dominant players such as LOV and LULU, highly profitable in comparison to the peer group (EBIT margins wise). With the Smiggle spin-off due in Jan-25, we await updates on the leadership transition. PMV remains a key preference for us within the Consumer Discretionary sector.

Big returns

Bell Potter has a buy rating and $35.00 price target on the ASX 200 stock. Based on its current share price of $29.83, this implies potential upside of 17% for investors over the next 12 months.

In addition, the broker is forecasting 4%+ dividend yields each year through to at least FY 2026. This boosts the total potential return to approximately 21%.

The post Buy this undervalued ASX 200 stock ahead of its demerger appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Thursday
• Bell Potter names the best ASX retail stocks to buy in FY25
• These ASX shares could rise 15% to 35%
• Why Calix, Collins Foods, Myer, and Patriot Battery Metals shares are charging higher
• Here are the top 10 ASX 200 shares today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Premier Investments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Do you have space for some more ASX dividend stocks in your income portfolio?  If you do, then it could be worth looking at the three names in this article.

That’s because analysts think they are in the buy zone and could provide investors with attractive dividend yields.  Here’s what they are forecasting from them:

IPH Ltd (ASX: IPH)

IPH could be a great ASX dividend stock to buy this month. It is an intellectual property solutions company with operations across the world.

Goldman Sachs is a fan of the company. This is partly due to its belief that IPH is “well-placed to deliver consistent and defensive earnings with modest overall organic growth.” This is exactly what you want from a dividend stock.

Goldman is forecasting fully franked dividends per share of 34 cents in FY 2024 and then 37 cents in FY 2025. Based on the current IPH share price of $6.25, this represents yields of 5.4% and 5.9%, respectively.

Goldman has a buy rating and $8.70 price target on IPH’s shares.

QBE Insurance Group Ltd (ASX: QBE)

Analysts at Goldman Sachs are also feeling positive about this insurance giant and think it could be an ASX dividend stock for income investors to buy.

It likes the company because it “has the strongest exposure to the commercial rate cycle” and that its “North America [business is] on a pathway to improved profitability.”

Goldman expects this to underpin dividends per share of 60 US cents (89.5 Australian cents) in FY 2024 and 63 US cents (93.9 Australian cents) in FY 2025. Based on the current QBE share price of $16.82, this equates to dividend yields of 5.3% and 5.6%, respectively.

Goldman has a buy rating and $20.60 price target on its shares.

SRG Global Ltd (ASX: SRG)

Finally, analysts at Bell Potter rate SRG Global as an ASX dividend stock to buy right now. It is a diversified industrial services group that provides multidisciplinary construction, maintenance, production drilling and geotechnical services.

It highlights that the company’s “short-to-medium term outlook is reinforced by Government-stimulated construction activity.”

Bell Potter is forecasting SRG Global to pay shareholders fully franked dividends of 4.7 cents in FY 2024 and then 6.7 cents in FY 2025. Based on its current share price of 87 cents, this will mean dividend yields of 5.4% and 7.7%, respectively.

The broker has a buy rating and $1.30 price target on its shares.

The post 3 strong ASX dividend stocks for income investors to buy appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has recommended IPH and Srg Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Liontown Resources Ltd (ASX: LTR) share price has been having a tough time over the last 12 months.

So much so, the lithium developer’s shares were the worst performers on the ASX 200 index.

During the period, the company’s shares lost a whopping 68% of their value. This means that if you had invested $10,000 into Liontown at the start of the financial year, you would have ended up with just $3,200.

Has this created a buying opportunity for investors? Let’s take a look at what analysts at Goldman Sachs are saying about the company.

Liontown share price could jump 25%+

Analysts at Goldman Sachs have been looking at the company following its recent funding update.

And while the broker is not willing to put a buy rating on its shares right now, it does see a lot of value in the Liontown share price at current levels.

The note reveals that Goldman has reaffirmed its neutral rating with a trimmed price target of $1.15 (from $1.35). Based on its current share price of 91 cents, this implies potential upside of 26% over the next 12 months.

Goldman believes funding risks are now out of the way and cost and ramp up risks are priced in. It said:

Though perceived funding risks are largely alleviated, and cost/ramp up risks appear increasingly priced in, we rate LTR a Neutral on valuation, where LTR is trading at a discount to our revised NAV at ~0.85x, and an implied LT spodumene price of ~US$1,070/t (in line with peers at ~0.85x & ~US$1,080/t), though with significant potential valuation uplift from de-risking/valuation roll-forward.

Speaking of costs, the broker went into further detail about its operating costs, which are expected to be updated in the near future. It adds:

While the ramp up of the underground (UG) mine (first ore late CY24) and associated costs remain a key perceived risk for the stock (from our investor discussions), we see this risk as more modest and increasingly priced in on the current mine development/extraction plan. While LTR has not given updated cost estimates (noting processing is set to start in July and optimisation studies are ongoing; last update Oct-23), we update our estimate of underground mining/unit costs based on our bottom-up quarterly analysis of listed Australian gold assets, where we find escalation of underground mining costs has begun to ease, on average, with underground unit costs showing signs of broadly flat to only modest increases since LTR’s last cost update.

All in all, things could be looking up for Liontown and its share price. Though, investors may want to keep their powder dry until the company updates its costs and ramps up production successfully.

The post Why the Liontown share price could jump 25%+ appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Thursday
• Which ASX lithium shares are financially primed to survive this rut?
• Top brokers name 3 ASX shares to buy today
• Should you buy Liontown shares after its update?
• Is it time to buy FY24’s worst-performing ASX shares?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.