RE: Largo holding reportThanks for your info Ankheroo.
This institutional holdings report from reuters does not specifiy an actual date - just covers the last 3 months but with an increase of 9 new positions in these months and only 1 closed I think that looks positive for Largo.
https://www.reuters.com/finance/stocks/institutionalHolders?symbol=LGO.V
The major selling yesterday and today was done by #73 Cormack (previously Sprott Securities) which posters on other boards say is not Sprott Asset Management but Mr. Sprott's previous business. It is impossible to know who is doing their selling through this brokerage.
Considering the devastation to share prices on the exchanges and all the U.S. financial troubles and the poor returns for the mutual funds for 2008 there are probably many funds having to sell shares for redemptions.
I have followed Largo for over three years now and if anyone had told me back in the spring of 2005 that the share price would be .18 after they proved up their tremendous vanadium and moly/tungsten resources I would have laughed. Now after 4 years in the "trenches" of investing I understand but it still amazes me how many times a stock with viable resources comes back down to a low price. Only a very few take off like Aurelian and don't come back to less than a dollar. So now I trade and try to end up with shares and cash so I can wait out the time it takes to get up and producing and then wait out the time it takes for other people to see the value and buy in.
Unfortunately the financial crisis hit when Largo was ready for the next stage which is usually the longest time for share price appreciation from when the feasibility is complete and production is happening.
Reading these bullboards keeps me from getting too wrapped up in the current price. It is good to know that others share your concerns and that someone posts something positive now and then. I think this is one microcap that has the goods. The world may be needing a lot more vanadium in the future than now. I posted this link before and here it is again for those who are interested in the vanadium battery.
https://www.rsc.org/Publishing/ChemTech/Volume/2008/08/car_fuel_cell.asp