Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 ceetongon Aug 10, 2022 8:02pm
208 Views
Post# 34886860

A whole bag of bad news covered up by the revenue number

A whole bag of bad news covered up by the revenue number
- production guidance cut for the 2nd time in just 6 months, now -10% below initial 2022 guidance.
- cost gidance upped again, too to between +28% and +32% of initial 2022 cost guidance
- TiO2 plant delayed due to a blunder in the land acquisition process resulting in delayed permitting
- logistic issues to persist much longer than previously anticipated: Q1 report: "The Company does not expect the logistics situation to improve until mid-2022, at which point the Company anticipates being able to reduce its inventory in transit through increased sales." Now, however "the Company does not expect the logistics situation to improve until the end of 2022, at the earliest".
- half-way through the month of July, on 7/14, Largo issued a press release stating "The Company expects V2O5 production of 900 – 950 tonnes in July 2022". Shortly thereafter something must have gone wrong again since July 2022 production actually came in at  "811 tonnes of V2O5". Operational issues all over the place highlighting their continued inability to execute.
- Steven Prince is no longer with the company. WHAT? They guy just joined a few months ago! Accordingly, the company "incurred increased compensation costs in Q2 2022 as a result of management turnover." WTF!?
<< Previous
Bullboard Posts
Next >>