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.

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Post by kha341on May 14, 2024 9:16pm

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Post# 36040119

It's time for Largo to file a new Tech Report for Maracas

Calmac9sh": "they were wildly optimistic with their assumptions of their own production targets and costs - the things that were within their control."

Widly optimistic is a mild understatement, imo. Don't forget that the projected NET MARGIN was 45.3% and 43.9% of revenue for 2022 and 2023 respectively while in reality Largo had negative net margins for those 2 years. In fact the company reported a net loss of ($2.2M) out of a revenue of $229.3M in 2022 and ($32.4M) out of a revenue of $198.7M in 2023. Like night and day. Just business as usual. The National Instrument 43-101 Technical Report with its US$2B assessment officially filed by Largo in December 2021 was nothing but a make-belief. It's time for Largo to file an updated realistic version.