Post by
ceetong on Jun 24, 2024 2:33pm
Bushveld
Bushveld had ~$50M debt and was bleeding money. LGO has $75M debt and is bleeding money.
Today $3.75M if LGO's debt is current but by the end of January the current portion will stand at ~$60M. This in addition to their $30M accounts payable. Plus additional losses in the meantime. Interest payments on their debt stand at ~$7M p.a. alone.
Bushveld just shows where Largo might be heading, too.
Comment by
ThaLuvDocta on Jun 24, 2024 5:31pm
But Largo still has a solid current asset position compared to Bushveld. Also, there's the ramping ilmenite production with higher grades, and there's the cost reduction focus by management, potentially bringing V2O5 costs below $4 per lb in 2025.