Largo Inc T.LGO

My take

[kha341]

Imho, LGO looks more bearish than it really is. I believe that the main problem is the fact that Largo is an illiquid stock and there are no ready buyers.The lack of ready buyers can cause the share prices to drop quickly while there is no indication of a mass exit. The trading volume is really low. Amid the lack of liquidity you only need Anonymous et al playing a concerted game or some investors selling to make the prices retreat. And the tax loss selling season is here.
Having said the above I must add that Largo has a BUY rating from all professional analysts currently covering the company. The consensus price target is C$22.30. Sooner or later the sp will reflect the company’s strong fundamentals.

DYODD

[Bullsprig57]

Absolutely agree.  Low volume and a great target for tax loss selling when expecting no news for 30 days so that sitting on the sidelines doesn't hurt.  

[kha341]

As stated in the Battery Day presentation of June 2021, Largo’s goal is to capture 3% or about 1,400 megawatt-hours of the long-duration energy storage battery market by 2025.The company also expects that it will have made 40 megawatt-hours of electric energy deployments by the end of 2022. That goal could be ambitious but I would not be surprised to see NRs announcing new battery contracts