Latest Bell Potter financial model shows LTR would have negative free cashflows (FCF) and a small loss for 2025 at $1200/T SC6 price. The model assumes price recovery to $1600 by 2026, but other broker houses are expecting price to remain stable at lower ranges of $1000-1300 for another 3 years to 2027 (UBS)....if that is the case, LTR won't be able to generate any positive FCF for 2024-2027!
....even research houses are not prepared to change their model to reflect what they're predicting-
Why? Because there are instos stale bulls that are waiting to sell into strength as the stock is no longer a mandatory hold after the index rebalancing.
