RE:RE:RE:RE:Misdirection
Iron ore is not an issue Largo is currently suffering from. Largo's problem is 1) operational blunders and 2) credibility issues stemming from undue expectations, for example fueled on battery day.
Operational blunders like operating an open pit mine in a tropical area with inadequate drainage and pumps that are not operational. That's careless and unprofessional. In the end they installed both, drainage and pumps, AFTER the event.
The credibility issue basically stems from management's misjudgement of what can be achieved and what can't. That lead them to repeatedly over-promise und under-deliver. They missed their own production guidance twice, they missed the consensus 5x in a row and their infamous comment on battery day ("We have several [battery sale] opportunities that we hope we can close in 2021") didn't sit well with everybody either. The damage to the share price was self-inflicted.