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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 JohnEStromJron Mar 19, 2012 1:26pm
185 Views
Post# 19690362

RE: RE: RE: RE: Sedar docs

RE: RE: RE: RE: Sedar docs

Geezer,   No, it isn't  a "done deal".   That is the problem.   If it was a done deal the money would be funded, we wouldn't need to make these interim [and expensive] bridge loans and we could read some of the terms and conditions of the loan.

We don't really  know anything - such as the interest rate or the term of the loan.   We are borrowing against that promise of a loan and paying a huge penalty for doing so.  A loan is not completed until all parties have agreed to all of the terms and conditions and the loan is recorded and the money funded.   I'll wager the money will be funded in tranches over a period of time - to protect the lender - but we don't even know that. 

Bullboard Posts

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