How can Largo stop the bleeding? Yesterday the sp closed @ C$13.47, the lowest closing price year-to-date, while the V2O5 were still well in the US$8/lb range. What would happen to the sp if the V2O5 prices continued to fall into the US$6/lb range?
The total $ market value of Largo has declined in such a large number in only just 33 trading days that it could make your head spin. In fact Largo’s market cap has dropped 36% of its value or ~C$492 million from Aug 10 2021 (closing sp = C$21.08) to Sept 23 2021 (closing sp = C$13.47).
The anti-transparency corporate culture, the willingness to provide misleading / confusing / contradictory information on purpose (The iron ore disaster is a recent case in point) and the numerous instances of over-promise-and-under-deliver have eroded the public confidence in the performance of the current management team. So how can Largo stop the bleeding and turn the situation around?
Imho, we need some positive real news on the battery front and asap.