Post by
Drhoho on May 12, 2022 4:58pm
Only down US$0.07 after CC
In my listening to the CC, after presentations by Misk, Cleave, Vollant, and Prince, I was surprised by the relative benign questioning by the four analysts, Cooperman, and West family. All seemed to be understanding of the negative issues facing LGO, and supportive of LGO efforts going forward. Prince responded to a question about possible additional LCE VRFB 2022 contracts, and his answer was two, and that the Spanish ENEL contract was on schedule for being finished and operational by end of 2022 LGO is working hard on the LCE production capabilities and cost structure, and this is tied in to the LPV entity being successfully established. Vollant was asked about how Vanadium sales are priced, and his answer was that sale price in a given month is determined by the previous month average price, and that over a series of months the issue is a neutral factor. I was prepared for a bigger sp fall and was glad to only have it down only US$0.07 at close today. Will wait and see the analyst's projection changes, if any, and sp reaction. All, I think, we can hope for is that the current game plan from going from a one trick pony entirely dependent on the selling price of V2O5 to the steel , aerospace and chemical industries, progresses to multiple income sources: V2O3, ilmenite/TiO2, LCE/VRFB and LPV. Even if all prove to be successfully established with additional income sources, Maracas production and V2O5 commodity price remain the two LGO main stays.