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LGO down 38% since Rick’s last pick on May 8 2023. Rick Rule still believes in Largo: “I am a Vanadium bull and I’m also fond of Tier 1 deposits. The mine that Largo operates in Brazil is a very large and very low cost producer. Vanadium is a commodity that I am attracted to both in the context of specialty steel but also in the context of projected large scale batteries….The Vanadium market has been in a malaise for long enough that we are setting the stage for a rebound”
Things will change but not in 2023. Let’s hope that 2024 will be our comeback year. Delivery is key. Why does the quest for a “permanent” CEO take so long? Largo does pay excessively good money for the size / nature of the company does it not (Misk’s total annual compensation was above $2M)? It has already been 8 months of “interim” CEO since the “sudden” departure of Paolo Misk (after 42 months of service). Why is it so hard to attract a good name to run the company?
A News Release announcing the hiring of a reputable new blood as our CEO would give a good boost to the sp, imho.
https://www.bnnbloomberg.ca/video/rick-rule-s-past-picks~2784988
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