RE:RE:Is there any hope for the future of LargoClipper2 wrote: Clipper2 wrote: I doubt it.
After the Q4 financial results and the CC I take back what I said in a previous post that Q1-22 could be our best quarter since 2018. Largo's revenue for Q1-22 will probably increase by between $12m and $14m and I'm sure they will find another way to break even or slightly increase the EPS.
Yesterday I sold my Largo shares and I will sit this one out for a while and watch.
I will still hold my Bushveld shares and a couple of minor stocks.
GL
In yesterday’s Q&A session Leon Cooperman helped us to see that the Q4-21 results were not representative of the future of Largo’s mining operations. But again it was difficult to take EC’s answers without a grain of salt. If the Q4-21 were representative of the future of Largo (or anywhere near it) then we would be in deep trouble. Our Q4 costs = 103% of revenue when V2O5 = US$8.30/lb. No way Largo can survive if that kind of spending continues.
Good Luck Clipper