Largo Inc T.LGO

Am I the only one buying?

[EnglishTickler]

be greedy when others are fearful

[NewAgeMetal]

I get the theory, I just don't have faith in this one right now. Holding what I have but adding more seems risky until I feel more comfortable I have better information. This doesn't make any sense until we are missing some something negative  to me at least

[EnglishTickler]

I get the risk, especially if V starts diving; but the odds of making 20% within a year from $10LGO are pretty good.

[ceetong]

Given disappointing Q1 production figures it is my belief that they will have to lower guidance yet again this year and I don't want to add to my position before that happens.

[NewAgeMetal]

I really hope you are wrong on that, they doubled down on their production number during the last call and q1 was pretty much over - they knew where they were. That said, their model was using $12 and even with high purity sales starting to come back, I think that's too rich.

[ceetong]

I hope I am wrong, too. But the facts are these: Annual capacity: 13.200t = 3300t/Q. 2022 guidance: 12000-12750t. Lower end less Q1 sales means 3256t have to be sold during each of the next 3 quarters (assuming a constant inventory level). This means the plant has to continuously run at 98,7% capacity throughout the rest of the year. In other words: They will have to reduce guidance as soon as

[ceetong]

I have added to my position on Thursday and the number of shares I own is such that I really don't want to be presented yet another buying opportunity. I hope the bad news is all priced in and it will be up from here. However, I am still concerned with regard to guidance and can only hope they'll be able to mee it. I'm not convinced though. I have witnessed numerous of their "