Largo Inc T.LGO

(Press Release) on our Stockhouse

[Drhoho]

a/o this Wednesday, 1 June, LGO obtains TSX NCIB approval to purchase for cancellation, over 1 year through 31 May, 2023, up to 10% of the float of 36,410,986 shares, or 3,641,098 shares, not to exceed 24,510 shares daily  (25% of past 6 month average daily volume). 1st time I have seen a Press Release on Stockhouse site. Will be interesting to see initial market reaction to this news approval by TSX and then to follow and try to evaluate its market effect over this 12 month period of time. The overall effect on SP remains, more importantly, on Maracas production,  V23 commodity market price, followed by the multiple LGO irons-in the-fire out there yet to materialize (LCE with VRFB, LPV, TiO2), or not. I am really glad that the BOD is getting TSX approval for share buyback, and can view  it only positively.

[Clipper2]

"I am really glad that the BOD is getting TSX approval for share buyback, and can view  it only positively.[" I totally agree doc. GL

[Clipper2]

The Company believes that the market price of its Common Shares does not always adequately reflect its underlying fundamental value and future business prospects. The Company may purchase Common Shares from time to time under the NCIB if it believes that the market price of the Common Shares is attractive, and that the purchase would be an appropriate use of available corporate funds and in Largo

[SKiamforsure]

Hey Clipper  hope all is well  We have been waiting for a long time to get some shareowner appreciation One can only hope that some day we will get a return on our investment But hopium dont pay the gas bill  Sk

[Clipper2]

Hi SK All is well, I'm now holding more LGO shares than in previous years. Just hope I live long enough to see a good return. I made some good money back in 2018 when the V price went through the roof................ but that was under good management.  (MS etc).  GL

[SKiamforsure]

Hey Clipper Yes Some people miss some people :) Sk 

[NewAgeMetal]

I'm not going to give these guys thr thumbs up for a opportunistic share buy back based on missteps they took in the first place. Besides, we barely have enough cash to buy back the shares given to the crew that were largely responsible for the current basement sp Disclaimer: I do not currently hold shares.

[kikker01]

Well said. An approved NCIB does not obligate management to buy back shares. Ill be very surprised if any are bought back. They have no money to buy back in any case.

[kha341]

Largo’s long term growth vision is very ambitious but costly in the short term. The market is uncertain about the capability of management to deliver while the company struggles to make a profit on the back of a strong Vanadium price. The long term might be promising but the short term looks bad. Therefore the current sp is dramatically undervalued.  Largo has ~US$79M vs ~US$15M in debt

[SKiamforsure]

Thanks KHA  I strongly agree  SK