Largo Inc T.LGO

RE:RE:RE:RE:RE:Largo Webinar Tomorrow Tuesday June 7th 11AMET

[kha341]

Clipper2 wrote:
Good post kha.
I cringe every time I hear the word Glencore.

BTW Did you see this:

https://www.forbes.com/sites/christopherhelman/2022/05/26/bribery-scandal-to-cost-glencore-11b---billionaire-execs-avoid-blame-for-now/?sh=55aa17d9625a

And to think that we had to deal with that outfit for 5 years.
Sad, sad days.
I 

“Count Your Fingers After Shaking Hands with Glencore. Glencore is the 800-lb gorilla in most rooms it is in and that is no different for the Vanadium space”

Christopher Ecclestone, Principal and mining strategist at Hallgarten & Company

Glencore knew that an offtake agreement was a prerequisite for Largo to get the needed debt financing at the time. So they took advantage of the situation. Because of the non-disclosure clause, the calculation of the “infamous” re-adjustments” (~$200M in favor of Glencore) remains a mystery.
“Something is rotten in the state of Denmark”? I would think so.