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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

Comment by Clipper2on Aug 13, 2020 11:24pm
174 Views
Post# 31406716

RE:RE:RE:RE:RE:RE:Sales were Disappointing

RE:RE:RE:RE:RE:RE:Sales were Disappointing
Demand for vanadium has been seriously reduced since the Covid-19 
pandemic reared it's ugly head. However, demand has recently started to pick up and we are beginning to see the AsianMetal's vanadium prices slowly moving higher. Hopefully MB will follow suit. 
The Covid-19 pandemic has given Largo a genuine excuse for todays  disappointing sales numbers. They do however, need to come clean and release more Sales details. Largo investors have been kept in the dark for far too long in the past, mainly because of the Glencore NDA. I really hoped things would be different after Gs departure. Let's see if they give more details at tomorrow's CC.
 
The following article a few weeks old but I don't recall if it was previously posting ion our bb.The article is very enouraging and it is similar to many others which are being released in China, USA amd many other countries. Governments are prepared to spend billions of dollars in order to kickstart their economies, and Largo is sure to benefit as the demand for steel increases.

https://www.argusmedia.com/en/news/2126257-vanadium-market-eyes-fresh-demand-on-eu-stimulus

 

 
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