RE:Andrew Wong RBCAndrew Wong ,"Our View,We believe Largo has the right ingredients to form an attractive integrated vanadium business - strong vanadium assets with long asset lives and low costs; Ti02 by products that could add significant value; LCE( Largo Clean Energy) a promising but still early stage, vanadium re-dox long duration battery business; and strong financial position with no debt.Execution will be key to unlocking this value, but the company has seen inconsistent operational performance and strategic direction in the past 12-18 months, which we hope will improve going forward"
Outperform $23 CAD PT
One could say you need a lot of optimism or a long time horizon to stick with this story, how many more years before investors see real returns from this stock? Have an uneasy feeling Andrew Wong will be saying the same things in 12-18 months