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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
Post by MetalsManon Aug 21, 2019 8:27am
124 Views
Post# 30049577

Offtake

OfftakeI know it’s over but just so I understand it at least try.  Glencore takes the product, thr revenue is recorded at the time but they they get an adjustment if thr price drops below that in the next 30,60,90? or they have to call in or something and lock in thr day.

So even if price goes up they would just lock in so we would never get upside to thr deal?

on other note, in reaponse to Cooperman did I understand correctly that cash position would stay at 190M as payment will be made on remeasurment into next year - I must have misunderstood
Bullboard Posts