Post by
Drhoho on Dec 06, 2021 6:13am
4th quarter and 2021 annual financial reports
If previous years' reports are an appropriate indication, LGO will not be confirming any EPS or other financial information until mid-March, 2022. LGO production Maracas number for the 4th quarter should come out sooner, but if management holds true to form, we do not have reason to look to additional positive news release, unless LCE obtains and announces additional VRFB contract(s). Absent the latter, it is difficult for me to see the stock price having a run up from its current share price of $US 9.00-10.00. Just my best guess. So much talk from top management, including Mark Smith and Paul Misk (and I assume BOD) of having "stockholder interest" as the major company goal, but with all the recent expansion plans going out to 2030 (latter ones subject to BOD approval), what shareholder benefit can reasonably be expected over those years to come? Stock buybacks or dividends after any money left over after EPS used for Capex expansion expense? I would hate to see the company return to any significant debt obligation, because I admire how well to date the company, as a major successful financial goal, has established its virtual debt free status.