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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 cult_of_frankon May 22, 2012 10:42am
146 Views
Post# 19932969

RE: THEY DID WHAT THEY HAD TO DO TO SURVIVE THE FI

RE: THEY DID WHAT THEY HAD TO DO TO SURVIVE THE FI

Typically stock consolidation is bad news not because it's better to own 2/10 than 1/5 (yes, that's the same amount of pie) but because it is usually done by companies that are in trouble (falling stock price) to make things look more even-keeled to those not paying close attention. Long term effect is zero although there is usually a short term dip because of people who worry that ALL reverse splits signal a dying company trying to boost its per-share value. In other words, in our case where things have been relatively bottomed out for some time and it's simply to reduce manipulation, I don't think it would be a terrible idea although it would be better to see it after some upward movement.

Realistically, Glafan, we're not going to see any share buybacks anytime soon nor would we want to. They have some other properties that should be taking in cash flow for development purposes once Maracas is generating it.

Bullboard Posts

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