Largo Inc T.LGO

Aquisitioon

[123600]

thats the last thing we need is more sharess and wts outstanding. The idea is great but where are we in terms of revenue and contracts

[ninja123]

Nah. This is peanuts and, from a high level, the financing with upside warrants is smart. It will help with multiples as battery storage market is a growth investment. Early days. But, ESG funds will flow this way as a result and the share appreciation will more than reward this tiny, but smart manouver. 

[jcw604]

Anything that has a green color can spike up the value of the stock. Funds are chasing for them. Perhaps, they will eventually be profitable, but just for the fact that they make the world cleaner is worth investing, some people think.

[oilgashappy]

Look like a good acquistion. Vionx spent over $150M, but LGO is paying only $3M+ worth of stock.

[kha341]

This is only for the acquisition of patented VRFB electrolyte processing technology (12patent  families). VionX Energy still exists as a seperate company that will deploy its battery systems under Largo Clean Energy / Vcharge branding. Largo Resources will be the sole supplyer of VPurity for the VionX batteries. We will learn more at the CC on Wednesday, Dec 9th. I'm sure that this

[lucidvision]

Arias could NOT have been working on this without Paulo... As much as i want Paulo to do better on the PR side, this news must have been in the works (team-Largo). THIS has all the appearences of a CLEVER and timely strategic move. VERY IMPRESSED

[kha341]

Arias is the decision maker. Paulo (who was hired by Arias)  just follows orders. Don't forget that Arias = Venture Capital Funds with its own team of experts who can provide support / guidance to the leadership / management of the companies in their portfolio. Arias is a hand-on type of Chairman.