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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 Vercrusseon Aug 12, 2017 9:19am
132 Views
Post# 26574145

RE:RE:RE:Q2 Results

RE:RE:RE:Q2 Results1/ bad news indeed.  Especially this is a big surprise “foreign exchange and derivative loss of $5,753 mio”.  Don’t quite understand where it comes from and what it means for the future.
2/ but looking at the Fundamentals it is not too bad:
·         P6. “The Company produced 807 tonnes of V2O5 in July 2017.” ... “In Q3 2017 the Company expects to maintain the higher metal recovery levels achieved in Q2 2017 and to further improve the performance of the deammoniator in order to achieve the targeted production level of 840 tonnes of V2O5”  =>  For Q3 this could mean >2.450 Ton.
·         P4. Operating cost. That is 3,56 which means that with a production of >2.450 Ton it would be much lower.
 

 
However, on page 22 we read “Estimated Annual Average US$ Cash Operating Costs Per Pound US$3.81/CDN$5.20”.  It means that the cost would raise in the next quarters versus Q2.  Strange or lapsus.
 
·         The V2O5 price has continued to recover, with a price at June 30, 2017 of between US$5.40 and US$6.00  ....  As at the date of the MD&A, the market price of V2O5 was in a range of US$9.00 - US$10.00 per lb. 
·         P22. “CAPEX of approximately $4.5 million is expected to be incurred over the remainder of 2017 to sustain  current operational capacity”.  For this ? “the Company is proceeding with the installation of the necessary equipment to handle and pack V2O5 powder”
 
Still many questions.  Market will react negative I fear.  But perhaps some investing funds see some light.  And before Oct. 11 a new capital raise !?
Conclusion can also be, with Arias owing more than 70% of the shares, that they don’t worry about short term results and look to the future, making from 2017 a transit year.
Bullboard Posts