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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 TerryGon Feb 28, 2020 1:32pm
145 Views
Post# 30748008

Margin Calls

Margin CallsTo all Largo Longs,

For those fearful at these current low prices.  Keep one thing in mind. Years ago I traded and used margin at a brokerage to buy 100% more stock than I had cash for.  When my largest holding "cooked the books" things turned south quickly. Thats when I learned about margin calls where the brokerage damanded money or stock sales to cover the stock drop. They also changed the margin requirements which accelerated the sales. Within 7 trading days I lost EVERYTHING.

I had read lately that margin purchases were at an all time high.  If those on margin havent sold by today to cover they will within the next few days. When it happened to me I had to sell ALL of my holding the good and the bad.  Those on high margin WILL be flushed out soon.
Bullboard Posts