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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 kha341on Nov 30, 2021 5:57pm
188 Views
Post# 34182541

My take regarding Anonymous et Al

My take regarding Anonymous et Al

 

The common use of “anonymous trading'' is to help high profile investors / large traders who don't want to provide clues to other traders that they are unloading or acquiring a large quantity of a stock (Key word = Large).

In theory there is no need for the average trader / retail investor to  trade under House 001 / Anonymous as explained by Investopedia that “retail traders don't need to concern themselves with trading anonymously since they typically don't have a significant price impact and other traders aren't particularly concerned with smaller one-time orders”.

In practice “anonymous trading” allows manipulators / short sellers to:

1) Cross trade among themselves by hiding the buying end or the selling end or both ends under House 001 / Anonymous 

2) Make the stock look more bearish than it actually is by chasing the Bids via a series of small orders to push the sp down

3) Make the stock look artificially strong by chasing the Asks via a series of small orders to pump the sp up

4) Execute their “pump &  dump” / “dump & pump” schemes at will.


Largo is an illiquid stock. There is no large volume trader. The average daily volumes are relatively small but the trades are dominated by Anonymous et al. So, imo, there are no legitimate reasons for brokers to use Anonymous to buy / sell LGO at all. Therefore those who trade LGO under Anonymous et Al are nothing but manipulators.
Sooner or later the sp will have to properly reflect the company's very strong fundamentals.
The business worth of a company is its intrinsic value. And
"
The intrinsic value is the discounted value of the cash that can be taken out of a business during its remaining life" Warren Buffet



My 2-ct worth.

DYODD




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