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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

Comment by screamer99on Dec 08, 2021 7:16am
92 Views
Post# 34209563

RE:RE:RE:Tax (Expense) and Deferred Tax (Expense) / Recovery

RE:RE:RE:Tax (Expense) and Deferred Tax (Expense) / Recovery Deferred income tax is largely a non-cash figure and is the difference between accounting and tax book values of capital assets (e.g., impacted by depreciation and capital cost tax deductions).

There will/should be no recovery in Q4. The deferred tax asset continues to be drawn down and may even turn into a deferred tax liability.

Of the two, I'd only be concerned with the income taxes as a %.

You don't want a recovery because that will in part mean that the company lost most in the quarter and will recover taxes paid/expensed earlier in the year.

Operating cash flows are strong. The SP is unexplainable.
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