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Largo Inc T.LGO

Alternate Symbol(s):  LGO

Metals & Mining Industrial Metals & Minerals
Largo Inc. is a Canada-based producer and supplier of vanadium products. The Company’s segments include sales & trading, mine properties, corporate, exploration and evaluation properties (E&E properties), Largo Clean Energy and Largo Physical Vanadium. Its VPURE and VPURE+ products, which are sourced from one of the vanadium deposits at the Company's Maracas Menchen Mine in Brazil. The Company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology (VRFB). The Company is also engaged in the process of implementing a titanium dioxide pigment plant using feedstock sourced from its existing operations, in addition to advancing its United States-based clean energy division with its VCHARGE vanadium batteries. VPURE+ Flakes are used in the production of master alloys, where it provides high strength-to-weight ratios for the titanium alloy and aerospace industries.


TSX:LGO - Post by User

Largo Inc
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Comment by BCBeaveron Jun 05, 2011 10:04am
361 Views
Post# 18672954

RE: RE: Land rights NR

RE: RE: Land rights NR
Take it easy and let's have a look. First of all, BESA = Banco Economico South America--  

as stated, it's for: "cash payment of R$275,000 to Banco Economico S/A - In Voluntary Liquidation("BESA") pursuant to an option agreement" 

-- looks like a trade-off of debt liquidation in return for options up to an agreed limit.

You asked: is this part of capex? Capital expenses are for equipment and hard goods. 

An 'option agreement' is an administrative expense under the category of Finances which may have already been accounted for in recent refinancing. 

A call to Investor Relations is the only way to know for certain.

btw-- 275,000 Brazilian Real is worth a lot less than you think:

SUNDAY, JUNE 5TH, 2011

Currency Converter Results

  • 275000 Brazilian Real(s) = 174658 US Dollar(s)
  • 1 USD = 1.5745 BRL
  • 1 BRL = 0.635122 USD
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities