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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

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Post by kha341on Jul 17, 2024 2:36pm
126 Views
Post# 36137093

Vollant sold 34% less while price went down 8% in Q2-24

Vollant sold 34% less while price went down 8% in Q2-24

According to management, "Q2 2024 V2O5 equivalent sales align with material availability from Q1 2024 production: In Q2 2024, V2O5 equivalent sales of 1,841 tonnes (which includes 128 tonnes of purchase material sold) represented a 28-per-cent decrease in tonnes sold over Q2 2023. Lower sales in Q2 2024 were largely a result of decreased material availability from lower production in Q1 2024 due to previously reported and planned maintenance". 


Yeah but the Q1-24 production was within the range of Largo’s quarterly production guidance of 1,700-2,200 tonnes for Q1 2024, was it not? Furthermore, didn’t the Q1-24 chart below also indicate that we had plenty of finished Vanadium products in inventory ready to be sold in Q2-24?



Here are the facts:


In Q2-24 V2O5 equivalent sales of 1,841 tonnes represented a 34% decrease in tonnes sold over Q1-24 (2,765T).

In Q2-24 the average V2O5 benchmark price went down to US$5.93/lb representing an 8% decrease from US$6.44/lb of the previous Q. 


In summary Largo sold 34% less while price went down 8% in Q2-24. Thank you Paul Vollant.  




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