Post by
farwest on Jan 24, 2023 10:16pm
Bush league management team
This is amature hour! They buy back stock and are now taking on tens of millions of dollars of debt and announce the postponement of the titanium business . Don't you think you should have a solid financing plan in place before announcing plans for a new revenue stream from titanium? This is becoming embarrassing. How can Arias and the rest of the BOD sit back and continue to watch this train wreck. Imagine where this stock would be in V prices were back at $7
Comment by
gossamer18 on Jan 25, 2023 12:46am
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Comment by
ceetong on Jan 25, 2023 7:50am
I wonder how Mr. Ramper is going to faith heal Largo this time. TiO2 plant scrapped, taking on debt, missing reduced guidance, stock gets WHACKED! Have a look at 2023 cost guidance: $5.05/lb mid-point vs. last year's $3.30/lb, a whopping +53% higher. At the same time the price of V remains roughly where it was last year, at ~$10/lb. Margins are eroding at a staggering pace!