RE:RE:RE:RBC Andrew Wongkha341 wrote: kha341 wrote: island9999 wrote: RBC's Andrew Wong gives an Outperform rating with a $20 CAD PT, and an upside scenario of $30 CAD.He thinks the Largo Clean Energy side of the business will consume up to 60% of the high quality Vanadium produced by 2026,...the Vanadium used in Clean Energy receives an equivalent price of $9.50 lb.The sale of Iron Ore is a new possible revenue stream, but again he needs to know more about realized prices which are unknown,
To view complete report if you have RBC Direct Investing, go to insight portal for Andrew Wong March 19th Report.
Thank you island. If I'm not mistaken Andrew's previous PT was C$1.50 (= C$15 post consolidation) given on Nov 20 2020. So now C$20 is an improvement.
The Globe&Mail reported different PT numbers. Island, would it be possible that PT C$25 = the mid-price between C$20 and C$30?
www.theglobeandmail.com › markets › inside-the-market
1 day ago — ... RBC's Andrew Wong increased his Ag Growth International Inc. ... lowered his target for shares of Largo Resources Ltd. (LGO-T) to $25 from $28 with a “buy” rating.
Rbc Andrew Wong report is pages long,which they block from being pasted to this site,.but the Outperform $20.00 PT is what's printed,....low scenario $7.00,...high scenario $30.00.This is just one small paragraph,..." Reiterate Outperform Rating, raise PT to $20,we have increased our NAV/sh to $24.89 from $19.32 primarily due to higher vanadium prices and adding the Clean Energy business to our valuation"
IMHO,I think that this stock has to be re- evaluated in or after Q2,the sales numbers have to start showing a lot more green, the drill results hopefully in,decisions on whatever projects still pending,...maybe some clarity on IO sales,....and more activity on the Clean Energy side,...have to be worth more than 2 bucks,..(pre split valuation)