RE:RE:RE:RE:RE:RE:RE:'Someone' got their wish...for a sec, $1.33MetalsMan brings a good point in that re-measurement is a sore pill until some magic V-price threshold is crossed ($7, perhaps $6…). A definite bad is the questionable contract with the Gevil, that got the ol’ Largo engine turning, back in 2015. Good thing, now, is that that ol’ engine is now fully modernized, greased up and ready to go when it will really count (V’s demand restart). Other, relative, good is that the sucky re-measurement and price of V have been super-baked into the current share price.
English Tickler makes a valid point but why an offer of ONLY $3… but it’s still shy of analyst projections… Personally, not invested to Largo from a buyout consideration although such a scenario is amply possible. I prefer sticking to the ol’ formula that we know works – albeit continually optimized for increased production and further cost reductions.
For the V price pick up we need increased demand not just from NA and China but also from Europe. The latter may be on its way to slowly reshaping its economy. Its economies grew, in particular, on a QoQ basis. Italy and Spain are faring well from a GDP and CPI perspective (QoQ & YoY). There is stability in the Brazilian unemployment rate and manufacturing countries like Japan are garnering increased consumer confidence. Hopefully Germany gets back into less damaging retail sales.
Additionally, my review of the European Vanguard ETF (VGK) is signaling that it may want to match its October 2015 top…
REMX , a reference of sorts…, also appears to be oversold and slowly lifting – and – this one has investment significance in Asia.
All in all, if you had any inkling in this stock , I would definitely be ‘in’ at these prices – BUT – that’s just me… IF Englishtickler is right (would give it a 30% probability of occurrence and a 70% probability that Arias would want way more – guesstimate) . Regardless, one thing would be certain …it would happen ‘fast’ – enough - that you will have no choice but to say ‘oh well’ and, yes, look elsewhere…
Please, do not invest just based on the above points… :-)