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Largo Inc T.LGO

Alternate Symbol(s):  LGO

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 is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology (VRFB). The Company is also engaged in the process of implementing a titanium dioxide pigment plant using feedstock sourced from its existing operations, in addition to advancing its United States-based clean energy division with its VCHARGE vanadium batteries. VPURE+ Flakes are used in the production of master alloys, where it provides high strength-to-weight ratios for the titanium alloy and aerospace industries.


TSX:LGO - Post by User

Bullboard Posts
Comment by dave4275on Sep 07, 2010 4:42pm
314 Views
Post# 17421549

RE: News on stockwatch - can anyone read it on sed

RE: News on stockwatch - can anyone read it on sedStack - you can sign-up for a free 30 day trial on Stockwatch and read it...

Interesting point - if you read this final prospectus, it looks like they're getting some (several 100k) of the $4million from GTP upfront (already got it, apparently) to start construction on CN - and are still awaiting finalizing the whole $4 million...but it looks like they actually made the 9/1 deadline to begin construction...as that $$ should be in the bank.

Also..the bridge loan that they got last week - for 770k or so - is due to be paid back just after they close the equity financing on 9/14 or so (they're gonna use the equity $$ to pay back the loan)...so a bit less dilution than originally thought...though the lender could still convert 50% of it to equity at .17.

All-in-all, this actually looks somewhat promising.

Of course, dilution sucks - but i guess the capital was needed.
Bullboard Posts