RE:RE:RE:largo-resources-buying-hypeIf course I bought more than I should have, got caught up in the craziness and basically up averaged. That’s part is easy though even if the number is big..stretch the time/work some OT for carrying cost....blah, blah. Maybe not easy but the plan is easy if even if it will be a long-tiring road.
The frustration comes from trying to decipher everything around this holding that makes no sense. For example, most of the analyst using $17 as late as December. Mr Smith claiming no vanadium anywhere- boom then we drop dramatically- so obviously there was lots available. Best answer I could hear on the call was a mood shift- really a mood shift is the best they got?
Again, there was no vanadium wasn’t going to be for years- except now there is increased later this year, oh and stone cold coming on board.
20M a month, except then it was 12.5, oh but wait, there’s the trade receivable, oh and it’s not 12.5 anymore at $12/lb
oh and by the way now we are half way through the year and the seasonal fall is closer, and thr V price target isn’t $17 next year anymore it’s $13.
Thr share repurchase and dividend.... getting smaller and smaller.
Im holding - am a believer anymore, not so sure but at 2.13 doesn’t seem like it can get too much worse.