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Largo Inc T.LGO

Alternate Symbol(s):  LGO

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

Bullboard Posts
Comment by JohnEStromJron Nov 25, 2011 3:29pm
383 Views
Post# 19268202

RE: RE: 0.04 cents away from 52 week low close

RE: RE: 0.04 cents away from 52 week low closeKHA341, I share your irritation and I'm not alone. I know this has been covered by many but I will say again, until we have the money in Largo's bank account, we do NOT have the loan. We have a promise of a loan.We only need go back to 2008 when many companies with loans in the pipleline saw those loans disappear - and most of those companies disappeared along with those promised loans. I'm not trying to say we aren't going to get the money and I'm not trying to jinx us but don't count it as a done deal until it IS a done deal.There are many scary things happening in the world including the crashing European economy and the possibility of war in the middle east. Bankers tend to be very, very cautious. Without that promised loan we are in jeopardy as we don't have enough money to build the mine and mill at Maracas and the only revenue stream we have, Currais Novos is having teething problems and not producing any revenue. 2008 was a disastrous year for junior miners and many companies went under or were forced to sell their assets for next to nothing leaving the shareholders holding the bag. I owned one, Liberty Mines, and lost my backside. It's now owned by China. We can't survive without further funding unless drastic choices are made - none of them good - so lets pray they get that loan put together but we should not lull ourselves into thinking the financing is a done deal. It isn't and until it is we are exposed. Those with the cajones to buy now will do VERY well - but there is an element of risk.
Bullboard Posts