Largo Inc T.LGO

Bushveld production halted.

[Drhoho]

25 October: BMN.L has halted their mining production " due to liquidity issues ."  This leaves Largo as one of the only two primary mining sources of Vanadium 23 worldwide for any of its multiple industrial applications. I welcome any and all analysts of the effect on Largo's Manacas forward production and V2O5 pricing - ie,financial impact, LGO sp - light of this supply-and-demand disruption as long as Bushveld remains in its current status or goes totally belly up. Chime in!

[Drhoho]

"In light" . I would not think that Bushveld had built much of an inventory of V2O5 as it was going about trying to avoid it's liquidity issue, and therefore probably would not be a factor going forward on the supply side of worldwide pricing, and would last until the Bushveld circumstances resolve one way or another.

[Drhoho]

BMN.L  On Friday, 25 October, average daily volume on London exchange of 3.94 million shares jumped to 17.11 million shares and sp dropped to  0.34 pence/ share.

[Christop]

From what I see production has not been halted. Bushveld Minerals Ltd - vanadium producer operating the Vanchem and Vametco processing facilities in South Africa - Withdraws its full-year production guidance for 2024 following "liquidity issues". The company previously forecast group production between 3,800 and 4,000 metric tonnes vanadium, which represented a year-on-year reduction of

[Drhoho]

Chris, you are corrrct - a slow down in production, not a complete shutdown. I was wrong in my reading of the release. However, I do think this is a major issue of lack of liquidity and future warning of dire consequences if funding does not improve or Vanadium price continues in the sub US $5.00 level.Bushveld's precarious finances and actions taken make me believe that Largo may benefit from

[Drhoho]

Sp: Maracas