RE: MARK BRENNAN DESERVES OUR CONGRATULATIONS!!Agreed, Glafan. Congratulations, Largo team on great work getting financing and now we're full steam ahead whatever the up and downs of the markets and Euro do.
The timing may seem unfortunate but we can't blame management for that. Further, in a way this financing came at the 11th hour and in the nick of time. If this Italy hype drags as long as Greece did then it's just the beginning and we'll all be quite happy to have commitments in the bank (literally).
Also, congratulations to my fellow longs on resisting panics and recognizing an incredible deal when you came across it, however you encountered it. A few years from now we will all be laughing at the day the project was "completely" (there is no such thing, but we're as close as can be) de-risked and didn't even move 5%. Of course, since this news was released at the end of the trading day we could see this recognized tomorrow morning or general fear could weigh this down. If it stays at this level or drops with the market then you can bet that I'll be adding to my already large (at least for me) position substantially. I'm sure I won't be alone.
I won't wish us luck, because I know that most of you here have done your homework too, and there is nothing lucky about that except that out of all the many, many companies out there you stumbled across Largo in the first place and happened to look in. No, you did your homework, you held firm when others were panicked and for that courage and conviction, you will be rewarded if you only have patience as well.