Largo Inc T.LGO

Call Questions on Battery

[NewAgeMetal]

From the conference call

"Also we still continue to get opportunities in US there’s very good opportunities. We are not expecting something for next year but for 2024"


Does this mean no US contracts or deployments until 2024?

[kha341]

Your guess is as good as mine.  The question from Heiko Ihle of HC Wainwright was very clear but the reply from Misk was evasive and very confusing.  In that sentence he actually contradicted himself: “On one hand “we continue to get opportunities in US there’s very good opportunities” and on the other “We are not expecting something for next year but for 2024”. I’m not sure if he

[island9999]

Read that yesterday, coupled with the exit of Stephen Prince, first thoughts were that LCE is in total chaos,again there is little to no clarification on the CC except "wait till next year", add that to the fallen price of V205,rising production costs,...need to pull a rabbit out of the hat to keep this in positive eps for Q3/22,I think they need Ansaldo more than they let on.

[ceetong]

Spot on, Island! Margins are being crushed as we speak, V price falling further, now $7.40/lb, costs way up. Q2 results will turn out to be a one-time event, a flash in the pan. Clearly, the market does understand and LGO's share price failed to profit from good Q2 numbers. The advance to "double digits" will be short lived and is the result of the buyback programme and a Nasdaq

[ceetong]

Very, very short-lived!

[ceetong]

Meanwhile, the Q3 average benchmark price for V2O5 fell to $7.94 as of today. This is much less than the Q1 average ($10.71) where as we all know Largo posted a quarterly loss.

[ceetong]

Island, we were bang on! Now, with actual results in: Costs way up +38% ($4.86/lb vs. 3.68/lb a year ago). V price down even the stated Q3-2022 average turns out to be too high. Earlier this year our CEO stated LGO's selling prices lagged benchmark prices. So, here's the question for you: With the Q2 benchmark price at $11.08 and the Q3 benchmark price at $8.23, how comes Largo

[kha341]

Not to mention the total lack of updates on LPV. It has already been more than 6 months without the “standard”regulatory approval from TSX Venture. Is that normal? (NR of Feb 3 2022: https://www.businesswire.com/news/home/20220131005955/en/Largo-Announces-Proposed-Qualifying-Transaction-for-New-Physical-Vanadium-Holding-Company-Largo-Physical-Vanadium-Corp.   Q2-22 CC Transcript Paul