Largo Inc T.LGO

What's behind the falling sp?

[kha341]

It’s logical to believe that the share consolidation coupled with the Nasdaq listing have given Largo more exposure to institutional investors (Canadian and US) thus resulting in considerable increase in liquidity.

What I’m afraid of is that the current falling sp is a sign that something is causing institutions to dump their Largo shares. And I have no clear understanding of what that “something” is. 

I hope that what's behind the current falling sp is just an orchestrated but temporary manipulation by short sellers.

I could be wrong and that would not be the first time. 

[jcw604]

If it were missing the earning consensus, this will be expected unless management is transparent with what will happen in Q2 to make up for it, such as the additional revenue with the iron core sales, together with returning to normal production volume and recovery. It appears that recovery is still low at the CC, and it is only back to 80% at the end of this quarter.

[AlS412]

I sold in late April for two reasons. Management was expected to give a poor conference call (and did ) and I expected the new investors to misinterpret the revenue/earnings miss. Also, Largo is a one mine company in a specialty metal. Now they appear to be transitioning into attempting to become a VRFB battery producer. Typical of mining companies the board profits from stock options and share

[kha341]

I would not be surprised if the Nasdaq / new institutional investors didn't have a good first impression of Largo management team. I suspect that they came out of first Largo dog & pony show very disappointing.