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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

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Post by gltaisignlongson Mar 10, 2023 10:49am
176 Views
Post# 35330553

Cash continues to go down

Cash continues to go downUser image

On Dec 2021 we had 83 million in cash and 15 million in debt (= 68 million)
On Dec 2022 we had 54 million in cash and 40 million in debt (= 15 million)

That is a reduction of over 50 million...or about 15-20 million  rededuction per quarter

If we continue at this rate by the end of March Largo would not be net debt free....
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