Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 May 18, 2012 10:39am
176 Views
Post# 19925183

Showmethekwan

Showmethekwan

You need to do your homework.  Xstrata's original offer which was accepted as a "fair deal" by the Canadian government and Bear Sterns was for $18.50 per share.   Norilsk decided to make an offer - and did - for $21.50 per share and had to agree to a "self imposed" breakfee put on by LionOre management of $500 MILLION over and above the purchase price. 

Xstrata came back with an offer of $25.00 per share which LionOre management agreed to - but just in case LionOre bumped the "break fee" to $850 MILLION.   Norilsk increased their offer to $27.50 per share and agreed to the $850 MILLION self imposed "break fee".   So the original offer from Xstrata was a LOUSY deal.  What isn't shown was the fact that over many months, in a red-hot nickel market, LionOre shares lost something around 24% of the gross value of the company.  It was a rigged deal - and THAT is how Xstrata does business.   They had to have a willing partner - LionOre - to do so but that's very common where management sells out its shareholders. 

Next time you might want to do a bit of research before you post since you really don't know what you're talking about. I do - I was a shareholder.

Bullboard Posts