TSX:LGO - Post Discussion
Largo Inc
> Old but excellent video interview with Mark Smith
Post by
kha341 on Apr 22, 2024 8:07am
Old but excellent video interview with Mark Smith
Largo Resources - Debt Free. Cash Producing. High-Margins. Dated Sept 3 2019
Now: No more Debt Free, No more Cash Producing, No more High-Margins. SP at historical low!
At 18 '30 " of this video we can see that MS apparently didn’t have the same opinion as Arias on the costly vertical integration of VRFB.
Matthew Gordon of Crux: You are one of the few companies in the vanadium space which isn’t trying to push me with the VRFB story. Why is that?
MS: To the extent that that is the impression I left, I apologize. First of all let me be clear that Largo really likes that industry. We support that industry. We see that as an unbelievable demand growth factor if we could get it off the ground but probably we have right now is the battery industry really needs low priced vanadium and that’s not my business. My business is high purity, high premium type products that I want to sell in a market that has to have those high purity products.
MS main focus was on “shaving costs off the bottom line and increasing the price achieved for its sales. In other words maximising profits”.
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https://www.youtube.com/watch?app=desktop&v=TsWIAvM24Ww&embeds_referring_euri=https%3A%2F%2Fforum.onvista.de%2F&embeds_referring_origin=https%3A%2F%2Fforum.onvista.de&feature=emb_imp_woyt
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