RE:RE:RE:PURCHASING VANADIUMTheturk12 wrote: Could it be that Largo is setting aside it's high grade v2o5 or at least a good portion of it, and replacing the set aside amount with bought in V hence the lower price obtained and the comment by EC regarding the lower margin from bought in V.
They need a lot of V for the battery business and only the highest grade will do. Substitute market bought V to replace what they are holding back. Anyway something is up and as usual they are not be clear to us the shareholders.
According to Cleave, selling “our produced vanadium” is what they prefer to do.
Q2-23 CC. Cleave: “But I think we will see improvements in earnings in Q3 and Q4 because we didn't sell quite as much of our produced vanadium in this quarter as we would have liked. We sold a fair amount of purchased vanadium”