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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 Drhohoon Mar 21, 2022 8:59am
150 Views
Post# 34530765

17 January,2022 press releas

17 January,2022 press releas

Reviewing in the above press release giving 4Q and full year 2021 production numbers, the stated  2022 production sales and guidance total was for ~ $US 37 million, the stated 2022 capital expenditure guidance total was for ~$US 61 million, for a total of  the two of ~$US 98 million. " The company expects to fund these capital expenditure projects through internal cash flows." And at the same time, per CFO Cleave, increase free cash by the end of 2022 of ~$US 100 million, become debt free, with  the BOD considering dividend, share buyback, or other options with the free cash on hand and projected future increases? This is going to take a lot of $US coming in 2022 and beyond. We shall have to wait and see. Difficult for me to believe that these projections are not backed up by internal confirmed information.

 

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