Largo Inc T.LGO

Expect a big negative impact on the sp

[kha341]

More heads will have to roll beside Misk's.
A net loss before tax of US$17.2M out of a revenue of US$47.5M in Q4-22. That has to be one of the poorest (if not the worst) performances in the history of Largo. Far far below the consensus earnings estimate and far far far below my own expectation.  

EPS as at end of Q3-22 = US$0.21. Sadly the poor results of Q4-22 have not only totally wipep out the US$0.21 EPS but also turned the full year EPS into a loss of US$0.03 despite the fact that “during Q4 2022, the average benchmark price per lb of V2O5 in Europe was $8.25”. A clear indication that Largo is no more a cash machine. The mining operations just can not support the energy storage pillar.

Expect a huge negative hit on the sp as a consequence. 

Intensely disappointed to say the least.

DYODD
 

 

[ceetong]

It's exactly what fanboys who elect to live in a rosy bubble wasting time by posting silly feelgood stories deserve.  If you had pulled your head out you could have read about it way before it happened. 16 Feb: "Why so late, why now? I bet my sweet bippie this doesn't bode well for Q4 and Q1 results" 16 Feb: "Does anybody belive Paulo Misk would have been fired if Q1