RE:RE:Markets rallied back but not LGOAlS412 wrote: IMHO Largo SP continues to fall because this company has chosen to branch out from what they do best which is producing vanadium. This is typical of a company that strays from its core business into ventures that they have no expertise in..
VRFB or no VRFB, Largo is still a primary Vanadium producer. The Technical Report dated Dec 2021 concluded that the company is a huge cash machine just on its mining operations alone. According to the report Largo’s expanded mining operations are expected to generate, over the new LoM, more than US$4 Billion in free cash flows from the sales of Vanadium (and Ilmenite/TiO2 as co-products). That a lot of free cash flows even for a C$20 stock, never mind a $10 one, imho.