Largo Inc T.LGO

Arias Fund etal SEC filing today

[Drhoho]

What is reasoning behind today's US SEC Form SC 13G filing,, with components ~43% ownership of LGO common shares?  Could this be in preperation of distribution of these shares, as was done previously by otherArias etal holdings???

[kha341]

Where does this news come from? In any way SEC Schedule 13G form "beneficial ownership report” is routinely filed “to report a party's ownership of stock which exceeds 5% of a company's total stock issue.” Arias holdings of ~43% of Largo stock is a significant ownership and reporting this to the public is a requirement by SEC. There is also  a Schedule 13F form that must also be

[Drhoho]

Kha, in answer to your question about the origin of the SEC 13 G schedule, you may find it on the LGO website, financial reports and filings, SEC filings, dated today, 14 February. The filing includes 7 different Albert Arias related entities, with multiple different places of organizations, including Canada, the US, Mexico, Peru, and the Cayman Islands. It may be that you are correct in assuming

[kha341]

Any time Arias "disburses" any one of his shares he must file an insider transaction report in SEDI. Just FYI, today's volume of 95K (smaller than to 10-day average) is too small to indicate a "disbursement"by Arias. Furthermore if Arias wanted to dispose of a chunk of his huge LGO holdings then he would do so via a Secondary Offering by Largo as in 2018. TORONTO, July 24

[kha341]

It should be noted that the Arias Statement Of Ownership filed today (Feb 14 2022) is related to Dec 31 2021.  "Dec 31 2021 = Date of event which requires filing of this statement" Dec 31 2021? Causing today's drop in sp? I don't think so. But it's just me.  

[Drhoho]

Thanks, kha, for your input, and I think you are correct on the issues of this SEC schedule 13 G filing. I was trying to understand yesterday's LGO sp drop, looking for an explanation which still eludes me. It seemed to me that there should be a significant company issue of some sort. I, for one, have been expecting positive news releases leading up to the mid-March 2021 annual report. 

[Clipper2]

Hi doc, It has not been discussed on our bb, but IMHO ivestors have been very concerned about the Russian/Ukrain problem, however, tensions appear to be easing and we may see the sp change course today...................hopefully. We all know the sp is undervalued. GL https://finance.yahoo.com/news/european-stock-markets-ftse-dax-cac-rise-investors-shrug-off-russia-ukraine-concerns-084559051.html

[Clipper2]

I intended to post this yesterday but totally forgot. By far the biggest loser on the FTSE 100 was Evraz, which lost close to a third of its value.   It is one of the world’s biggest steel producers and a lot of the company’s assets are in Russia.   EVRAZ Vanadium supplies its customers with high-quality ferrovanadium and oxides produced from vanadium slag. EVRAZ Nizhny Tagil

[ceetong]

Definitely the Ukraine conflict does play a role but yesterday's sell-off can not be 100% attributed to it. During previous days when tension mounted there LGO stock did post healthy gains. With fears surrounding NTMK shouldn't we expect other Vanadium suppliers to profit rather than suffer?

[Clipper2]

Hi ceetong That's a good point and it had me a but puzzled. (it doesn't take much). The markets were falling yet Largo went from $10:18 on Feb 3rd to $13:22 on Feb 13th. I had thought there was pehaps a few battery sales going on in the background. I'm wondering if the WFI increasing their Largo holdings  (as mentioned by kha) had anything to do with the sp increase. https

[ceetong]

The filing refers to a "Date of Event which Requires Filing of this Statement" of June 7, 2021 This was 8 months ago and currently there is no evidence that would support the view the WFI was purchasing more stock. If course this could be the case indeed but as far as I can see today this is pure speculation.

[kha341]

Clipper, WFI's SEC Form 13G Statement of Ownership was filed in Jan 2022 and it was related to June 2021. So WFI has increased its LGO holdings to 5.6M cs since June 2021 but the public did not know about it until the filing of Jan 2022. The article from GuruFocus / Yahoo Finance was dated Feb 7 2022. WFI adding more LGO to its portfolio (in 2021) was a very good thing but I'm not

[ceetong]

My understanding is a bit different. The document states: "June 7, 2021 (Date of Event which Requires Filing of this Statement)" The Event triggering the filing occurred in June. Accordingly, what the filing reports is the event in question, .i.e. the change in beneficial ownership which occurred in June. IMO the filling does not provide any information with regard to what happened