RE:RE:RE:RE:Hallgarten Report on Largo So if the Hallgarten report is to be taken seriously the share price will not improve until,
1-Glencore decides if they wish to acquire Largo
2-ARC funds decide if they wish to dispose of their position
3-Another player(Chinese ?) decides it wants to disrupt Glencores dominant Vanadium trading and buys ARC funds position
4-Largo morphs into a dividend paying steady eddy cash dispenser
No doubt there are many more scenarios that I have missed, however just based on fundamentals of $16 plus per pound over the next 2 years, total debt reduction forthcoming, few to none new players entering the V space ( at least in the next 2 years) the $2.60 pt has to be a sympathetic nod to CS,so as not to appear too far out of step with ones peers,question is will Wainwright, and or Morgan Stanley join them with the same 12 month pt outlook? Must say that Hallgarten analysis was one of the most informative I have yet seen on Largo, however the conclusion of lack of direction from the company and controlling shareholders leading to a neutral rating is lame at best,would have thought the numbers would have spoke louder.