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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 May 21, 2012 12:25pm
116 Views
Post# 19930982

RE: Good Article

RE: Good Article

kha, I hate to dash your enthusiasm but has Largo really done well?  Yes, it DOES have a world class ore body in Maracas [and to a far lesser degree in Northern Dancer - too low a grade and they'll never get a roasting facility approved for their Moly] but lets look at a couple  of facts.  When I bought my first shares in 2007 there were 70 million.  They still had most of their assets they have today - except Curais Novos and about  30% of Maracas and Campo Alegre which could be huge but we won't know until they actually drill the thing.  Since then they've doubled the amount of stock every year until now we have over 1Billion fully diluted.  That translates into watering down the value of every share YOU and I own every year. During that time they have made considerable gains but no where close to the amount of dilution of shareholder value so I remain perplexed at the enthusiasm of so many.  Sure, I want Largo to succeed too - I've got my money sunk in this - but the reality is Mark Brennan has made a great salary over that time, lots of stock options to buy and hold or sell and the insiders like Arias and Eton Park have done well too since their cost is very low.  But have we?  In a word, no.  Look at the stock price.  Has it improved since 2007?  Again, so many here think Mark has done well.  He has - but not for small shareholders - only for insiders who get options and for the insiders.  When this gets up and running at full production - figure about 24 months from now - it should increase but I'll wager anyone here that Largo will sell off before then so, once again, small shareholders will get shafted.   Were I to guess if/when - it will be sometime between final loan funding [it's not there yet] and ALL permits in hand and completion of the mine and mill.  I may be wrong but I have a way of being right on Hell of a lot more than I am wrong.  So all of the success Largo has experienced will not benefit us - its a rigged game for the elephants. We are merely the donors so that the Mark Brennans can get wealthy.  Let's hope I'm wrong.

Bullboard Posts