More dilution https://www.largoresources.com/Investors/Press-Releases/Press-Release-Details/2012/Largo-Provides-Update-on-BNDES-Debt-Financing-Facility1128575/default.aspx
Yet another dilutive private placement + a change of terms for the large shareholders who had been silly enough to invest at 0.35 (they now get a discount to 0.30 instead). Also, cap-ex will be higher than expected.
This is the last straw for me, as any value here has been diluted to to death at this point with a mountain of warrants ensuring that upside is also limited. Combine that with Largo's track-record of delays and under-delivery, and I'll sell tomorrow for whatever I can get.