Largo Inc LGO

Primary Symbol: T.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 > Bushveld

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Post by ceetongon Jun 24, 2024 2:33pm

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Post# 36103685

Bushveld

Bushveld had ~$50M debt and was bleeding money. LGO has $75M debt and is bleeding money.

Today $3.75M if LGO's debt is current but by the end of January the current portion will stand at ~$60M. This in addition to their $30M accounts payable. Plus additional losses in the meantime. Interest payments on their debt stand at ~$7M p.a. alone.

Bushveld just shows where Largo might be heading, too.

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