Largo Inc T.LGO

Tesla mega pack fire

[farwest]

https://www.bloomberg.com/news/articles/2022-09-20/tesla-battery-fire-at-pg-e-facility-closes-california-road?utm_source=website&utm_medium=share&utm_campaign=mobile_web_share

[farwest]

Further validation for VFRB's!!!

[ceetong]

Is it, really? How does a Li-Ion fire "validate" VRBF' viability? The only thing that could validate VFRB's viability is SALES! And that's where we are at NIL, ZERO, NADA, ZILCH!

[farwest]

The more problems with the leading battery technology the more the market will look for safer more reliable alternatives.  Regardless if Largo's battery business survives or thrives Largo will benefit from VRFB success.  More demand for vanadium is a positive for LGO>

[ceetong]

"The more problems with the leading battery technology the more the market will look for safer more reliable alternatives." Basically this is right but in this very case it appears that it's meaningless and the reason is this: It's not a case of either Li-Ion or VRFB. It's a case of Li-Ion (9 out of 10 times) or (1 out of 10 times) any of the following: Vanadium flow, Iron

[farwest]

I don't think you are doing your homework https://www.energy-storage.news/first-phase-of-800mwh-world-biggest-flow-battery-commissioned-in-china/

[ceetong]

This deal for this project has been struck SEVERAL YEARS ago! It has been COMMISSIONED recently. That's after YEARS of planning, financing, construction.

[ceetong]

The question remainds: When did "team V" strike the last deal?

[farwest]

The point I am making is that there is new demand for vanadium electrolyte that was not there before. 

[ceetong]

Why then, has the price of V been in a continued downtrend since March? The price has fallen from $12.40 to $7.20. The "increased demand" marketing story is easily debunked by looking at the price chart.

[farwest]

Have you seen the prices of every commodity recently? Let alone the entire stock market? I am a long term investor. I am not in this for the next six months I am in for the next six years. Every investor needs to make these decisions for themselves. Near term looks tough. I am excited about the long term prospects 

[ceetong]

Yes, exactly my point! Prices for commodities have been falling due to REDUCED DEMAND! As we are entering a global recession, demand for all kinds of metals and other raw materials is dropping, hence price falls. It's 100% the same with Vanadium. Falling price = reduced demand! That's exactly why I said the falling V price debunks the increasing demand myth.

[ceetong]

The point you were trying to make was this: "VRFBs are going to profit from a recent fire of a Tesla battery pack". My reply was "VRFBs are not going to profit from this fire as there are many alternatives to Li-Ion and VRFBs are losing out to these alternatives evidenced by several big deals struck for alternative technologies as opposed to no recent deals for VRFBs". I was

[farwest]

The deal timeline for grid scale storage is very long.  Hopefully this will change over time.  I can asure you there are many deals in the works globally.  Worldwide production of vanadium is about 120,000 tons.  With all the vanadium that is produced being sold and accounted for (the vast majority on long term contracts) a small increase in demand can have a meaningful impact