Largo Inc T.LGO

Out-of-control cost increase

[kha341]

The following tables give a very concerning picture of the total failure of management in their cost reduction effort and consequently the devastating impact of the out-of-control cost increase in 2023. While the revenue per pound sold went down merely 8% from US$9.38 in 2022 to US$8.66 in 2023, the Net Loss skyrocketed 1,354% from ($2.2M) to (32.4M)  in the same period. So sad.

 

DYODD

[ThaLuvDocta]

Costs included ilmenite mining and over 60 million in investments. So sad? Lol. You're a joke