RE:RE:RE:RE:RE:RE:RE:A scary possibilitykha341 wrote: NewAgeMetal wrote:
given that $12-$13 is our new home
$12-13 is our new home? You are more generous than me. Imo, the prospect of a single digit sp after the release of the Q1-22 Results is not to be dismissed. .Shareholders are not happy with the progress of the transition period. And catching a falling knife is not exactly what new investors are looking for, is it?.
LOL, guess who wrote THIS just 12 weeks ago:
"
Largo’s fundamentals are strong. Our Gross Margin = 37.6% and Net Margin = 15.1% (source = Thomson Reuters Refinitive Report). Largo is a net-debt-free cash machine.
The abnormal rainfall affecting Q4 production was out of the control of Management. [absence of proper drainage was out of their control, too?] The new 2022 production guidance remains strong at 12,000T - 12,750T (representing an increase of ~20% over the actual production of 2021) indicating that the rainfall impact is disappearing. The impact of the abnormal rainfall on revenue was minimal. [really?]
LGO is vastly undervalued lately but we are far from any gloom & doom scenario here. In fact I do strongly believe that an eventual turn around is more than likely. . As of Jan 20 2022 the analyst consensus rating is still a Buy."
Quite a change of heart!