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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 Mar 25, 2024 11:34am
140 Views
Post# 35950805

Management

Management

Heiko reduces the PT by half from US$9 to US$4.60. Why such a huge cut while still maintaining a Buy rating? I may be wrong but in my humble opinion Heiko sees good opportunities for Largo to make money thus the Buy rating but he has serious concerns about management not being able to deliver the goods thus the reduction of the PT by half.  

The lack of performance by the top management team since the company’s commercial independence is eroding the public trust. The BoD must focus on earning the trust back from the market. A very difficult task considering the anti-transparency corporate vision and the habit of overpromising and under delivering by management. Companies having a market capitalization between US$300M and $2B are considered as “small caps”. With a market capitalization of ~US$104M, Largo is not even a “small cap” but is considered as a “micro cap” company. Largo is not just any micro cap company: It has the rare distinction of being a micro cap that pays 7-figure compensation to its top executives. If the BoD is really serious about recovering the public trust, the first step is to hire a dynamic CEO with a good reputation and a strong leadership to come in, hold people accountable for their lack of performance and clean the house. It has already been more than a year now that we have an interim in-house CEO who is around 75 years old. Why is it so hard for the BoD to find a permanent CEO?


DYODD
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