Bullboard - Stock Discussion Forum Largo Inc T.LGO

Alternate Symbol(s): LGO

Metals & Mining Industrial Metals & Minerals

Largo Inc. is a Canada-based producer and supplier of vanadium products. The Company’s segments include sales & trading, mine properties, corporate, exploration and evaluation properties (E&E properties), Largo Clean Energy and Largo Physical Vanadium. Its VPURE and VPURE+ products, which are sourced from one of the vanadium deposits at the Company's Maracas Menchen Mine in Brazil. The Company... see more

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TSX:LGO - Post Discussion

Largo Inc > Debacle

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Post by ceetong on Jan 24, 2023 5:59pm

Debacle

- During 2022 Largo cut annual prroduction guidance TWICE and then missed the low end by several 100 tonnes
- 2021 preventative measures (flooding) turn out to be inadequate
- TiO2 plant plan scrapped!
- Company takes on $45M in new debt.
- Warns Q1-2023 is going to miss nameplate production by >1/3
- So, 2023 is off to a dismal start, too!
- 2023 guidance of 11.500t (mid point) way below nameplate capacity (13.200tpa) already

This report massively disappoints by all accounts.

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Comment by ceetong on Jan 25, 2023 9:09am

LGO stock got WHACKED once the production miss was released. I fully expect futher losses once financial results come out and here is why: Q4-2021 vs. Q4-2022 numbers: Tonnes sold: 2899 vs. 2774 (-4%) Avg. V price (AM): $8.05 vs. $7.59 (-6%) At the same time costs are WAY up. Unless they pull a rabbit this is going to result in a loss. In Q4 they sold 770t more than they produced so ...more

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