Largo Inc T.LGO

Merger & Acquisition?

[kha341]

After failing to attract new blood to replace the departure of the whole upper echelon executives of LCE, after being unable to negotiate a joint venture with Ansaldo Green Tech for the manufacture and commercial deployment of VRFBs and after realigning LCE’s critical resources to reduce up to 50% in costs, Largo is now looking for “alternatives to maximize value in the Clean Energy Transition''. Today's announcement sounds to me like an admission that Largo’s “mining pillar” alone will not be able to continue to support the company’s costly “energy storage vision”. Simply put: Largo has no choice but simply putting LCE on the block.

Imho, if management failed to secure the acceptance of the Enel VRFB system then the quest for new alternatives / partners would be extremely difficult. 

[NewfNewf]

Largo getting in the battery business and is why i got totally out of Largo a few years ago. Its been down 75% since then. Mining is hard enough and largo should focus on mining. They had lost their focus and it showed. So i welcome the news .