Largo Inc T.LGO

Alternate Symbol(s): LGO

Metals & Mining Industrial Metals & Minerals

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

Largo Inc > US$ 5.x ahead!

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Comment by gltaisignlongson Sep 01, 2022 11:27am

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Post# 34935447

RE:US$ 5.x ahead!

I would not be surprised since the buyback does not make sense at this time
- Company lossing money on high V prices that are going down
- Company needs money to grow the (questionable) clean energy business
- Overall market conditions - interest rates going higher, bear market, etc

I'll prefer if they save their money now instead of having to borrow at high interest rates

So far they bought around 700k shares at acost of over 6 millions...
I would not be surprised if before year end they give management several million shares as compensation for a job well done... plus a few more millions as options with a low price