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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 Drhohoon Jul 31, 2021 4:06pm
266 Views
Post# 33637367

Iron ore numbers

Iron ore numbers1st contract of iron ore sale was 12 March, with transportation and delivery expected by end March. Payment not noted in 1st quarter finances, so this sale and any others (Paul Vollant) = "we are working very hard at that" will be part of 2nd quarter numbers released on 10 August. If LGO can rely on net income of ~$US3miilion for every 25,000 tonnes sold out of 500,000 tonnes production per annum and a current inventory of 2,500,000 tones, then I shall be very surprised if sales, or at least contracts, have not exceeded multiples of 25,000 tonnes. Releasing  iron ore financial numbers have to await 10 August along with all else financial. Transparency could definitely have been improved by releasing signed contract information similarly to the initial mid-March company release. For one, I look forward to Paul Vollant etal getting credit for successful implementation of the sales and marketing in-house work, now on all of LGO income sources, since exiting the V2O5 Glencore agreement just over 1 year ago.
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