Largo Inc T.LGO

Inflation impact on LGO S/P

[sopot]

MAY1/1997 -  S/P....CAN$ 0.26 ( $78 value after R/S's)
MAR1/2000 - S/P....CAN$ 0.83 ($249 after R/S's)
Taking into consideration of compounded inflation rate in Canada :
May1/1997 - Present .. ...$78 (pre R/S's) present S/P ( just to get even!? ) should be $124
Mar1/2000 - Present .....$249(pre R/S's)  present S/P to get even should be in the range of $372
One can only imagin how devastating investment in LGO coul be by folowing "hold and wait" strategy.
Present S/P - $11.50 or less than CAN$ 0.04 (pre R/S's)
Just compare - $78 in 1997 and $11.50 ......24 years later, not even taking into considaration inflation impact over that period of time.
Investment of $100k in 1997 would turn to be worth today less than $15k
The only winners are insiders cashing on freebies and.... declaring "increasing value for shareholders" !!??..lol

[sopot]

A little correction: May1/1997 to Present ....$78 ( should be - after reverse splits) and same correction for Mar1/2000 to present.... $249

[sopot]

Using an example of $100k invested in 1997 with  inflation factor ( Canada on average 2% yearly) over 24 years would've represented  around $160k at present. Investing  into relatively safe investment ( like dividents paying blue chip stocks) at 4%-5%  yearly would've return now around  $250k - $320k. Long term holding strategy ( at LGO's case ) is absurdal and

[island9999]

Agree!,....the last R/S to get Nasdaq listing requirements and attract big money has done ,......what?