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Largo Inc T.LGO

Alternate Symbol(s):  LGO

Metals & Mining Industrial Metals & Minerals
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

Largo Inc > Well, young fan boy
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Comment by ceetongon Aug 29, 2023 7:41am
70 Views
Post# 35609363

RE:Well, young fan boy

RE:Well, young fan boy
ceetong wrote:
"In the same communication I’ve also noticed that Largo is evaluating “a range of strategic options” for the energy storage business while cutting staff drastically. Cutting staff while contemplating business growth?"


Just in case you didn't know. "we're evaluating strategic options" is company parlance for "we're trying to find a buyer". As I said before... you heard it here first!



Now it's official. LCE turned out to be a money sink. The partnership with Ansaldo didn't materialize (guess why!), they sold zero batteries in 2022 and zero batteries in 2023. Their plan failed spectacurlary!

In 2021 they said: "We may enter into a number of contracts this year (2021) but deployments will start next year and they ramp up significantly after that. [...]For 2022 we are looking at 40MWh/5MW8hrs ramping to 1.4GWh annually over that 5yr period."

6 MWh 2021,
Zero MWh 2022,
Zero MWh 2023.

Quite a "ramp up" to 1.4GWh *annually*, eh? Prepare for long lines when potential buyers are allowed to place their bids, LMAO.
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