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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

Post by st_estebanon Jan 12, 2021 8:58am
340 Views
Post# 32274421

Cooperman likes Largo

Cooperman likes Largohttps://www.forbes.com/sites/sergeiklebnikov/2021/01/12/wall-street-billionaire-leon-cooperman-warns-market-its-not-going-to-end-well--but-he-still-likes-these-5-investments/?sh=6180335d3226

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One of Cooperman’s more under-the-radar stock picks, Toronto-based Largo Resources is one of the world’s largest producers of Vanadium, an alloy used to strengthen steel. The stock, which trades for just over $1 per share on OTC Markets and has a current market capitalization of a mere $630 million, sells at a low valuation against its earnings potential and has no debt, Cooperman says. (It hasn’t been profitable but trades at 11 times a forward price to earnings.) He argues that the alloy will be in high demand moving forward, especially thanks to record steel production in China. The billionaire investor thinks that while somewhat “speculative,” this investment has little risk with high potential return.
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