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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

Comment by kha341on Dec 14, 2020 5:55pm
197 Views
Post# 32102857

RE:Glencore's portion of Largo's sales

RE:Glencore's portion of Largo's sales
st_esteban wrote:
How much was Glencore retaining for every pound of Vanadium being sold?


Hidden behind its contractual confidentiality / non disclosure obligations the Glencore deal with its discounts / re-measurement adjustments and other special agreements is a mystery to us all (small fry, smart investors, financial analysts, and other stakeholders).

Let's just say that management let G take us to the cleaner for some US$200M.


We are now in the post G era so let's focus on the future potentials of the commercially independent Largo and forget about the stupid G-deal mistake of the past. The future is very bright indeed.  


Q2-20 CC wrote:


Lee Cooperman

Okay. Second – this is a difficult question, but most cyclical businesses have peak earnings, trough earnings and average earnings over a cycle. Do you fellows have a view of your normalized earnings as an enterprise? And the reason I asked that, I go back, I think the current market cap is US$489 million, minus the US$53 million of net cash. We have an enterprise value of US$436 million. I believe you guys have repeatedly said in the past that the Glencore contract costs you US$200 million. So that should be added back over time to normalized earnings minus what, of course, you have of taking the contract internally. So which seem that – well, let me guess answer to the question as you have normalized in a typical year, what do you think you guys would earn in a typical year?







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