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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 Drhohoon Mar 30, 2022 8:55am
126 Views
Post# 34558298

RE:RE:Auditor change - see SEDAR

RE:RE:Auditor change - see SEDARKha, ty for the insight into the auditor change that LGO requested and received. Is there a seperate ~5 year Canadian audit ruling/regulation that applies as well? Before this audit issue was just raised, I was questioning whether the current US executive branch push, (if ever passed) for laws restrictioning or eliminating corporate buybacks would effect LGO's Canadian company status? For some time, LGO has discussed whether dividend vs stock buyback would be the preferable course of enhancing stockholder value with free cash flow that they forecast. In the recent CC, Lee Cooperman expressed his preference for buybacks for CFO  Ernest Cleave's projection of ~ US$ 180-200 million in free cash by the end of 2022, and Cleave nodded his approval as well. We can only hope that the anticipated free cash amount results in an issue to be dealt with at the BOD level.
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