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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

Post by kha341on Nov 12, 2023 9:38am
169 Views
Post# 35730759

Relationship between V prices, Sales prices and EPS

Relationship between V prices, Sales prices and EPS

The following table shows the relationship between V2O5 prices, Sales prices and Largo’s EPS over the past 3 Qs and FY 2022: 


US$

Period

Avg Standard V2O5 Benchmark Price

Sales price per V2O5 equivalent pound

Sales over Benchmark Prices

EPS (Loss)

Q1-23

$10.39

$9.14

($1.25)

($0.02)

Q2-23

$8.46

$9.42

$0.96

($0.09)

Q3-23

$8.03

$8.34

$0.31

($0.19)

9-month 

$8.96

$8.99

$0.03

($0.30)

E Q4-23

Lower than Q3’s

?

?

?

FY 2022 

$9.57

$8.70

($0.87)

($0.03)



If 2022, with its (US$0.03) loss of per share,was a “challenging” 12 months then what will 2023 be considering the fact that the cumulative loss has already reached (US$0.30) per share after only 9 months of operations in addition to Vollant recent warning that “prices have further decreased over the past months and the short-term outlook seems challenging”?  No mea culpa acknowledgement from the management team? No accountability? More performance-based incentives? More cheers for Largo's teflon leadership team while the company's market value is sinking fast?

Daniel Tellechea, Interim CEO and Director of Largo, stated: “For Largo, 2022 was a challenging year, which led to an underperformance on both production and cost metrics, particularly in Q4 2022 with the mining disruption caused by record rainfall at our mine, cost inflation of key raw materials and sizeable non-recurring expenditures.



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