Debt + Shares buy-back Debt has more than doubled to US$35M since Q3-22 however with US$63M in Cash, Largo is still net debt-free. The company "estimates exiting the year with a cash balance of approximately $75 million to $80 million".
Debt as at Sept 30 2022 = US$15M
New Oct 2022 debt = US$20M
Total = US$35M
Cash as at Sept 30 2022 = US$63M
Btw, "during the nine months ended September 30, 2022, the Company paid US$6,088,000 for the repurchase and cancellation of 873,000 shares" (average buy-back price = US$6.97 per share). The vast majority were done in Q3-22 with Largo buying back 848,000 shares at an average price of US$6.80 per share for a total of US$5,765,000.
With the sp sinking like a stone to below C$7 will Largo continue the shares buy-back?