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Bullboard - Stock Discussion Forum Largo Inc LGO


Primary Symbol: T.LGO

Metals & Mining Industrial Metals & Minerals
Largo Inc. is a Canada-based producer and supplier of vanadium products. The Company’s segments include sales & trading, mine properties, corporate, exploration and evaluation properties (E&E properties), Largo Clean Energy and Largo Physical Vanadium. Its VPURE and VPURE+ products, which are sourced from one of the vanadium deposits at the Company's Maracas Menchen Mine in Brazil. The Company... see more

TSX:LGO - Post Discussion

Largo Inc > Current assets
View:
Post by ceetong on Jun 24, 2024 6:09pm

Current assets

are overrated. They tend to deflate rapidly once a company gets into trouble which LGO clearly is on its way to. Bushveld again is a prime example as they had one of the largest, if no THE largest (~300Mt) Vanadium resource(s) on earth on their balance sheet but had to basically give it away for a song once money became tight. If you rely on balance sheet assets you'll tumble into the abyss just like Bushveld did.
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