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re: Diving deeper on Standard Lithium?

Posted on 2/17/21 at 1:35 pm to
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41323 posts
Posted on 2/17/21 at 1:35 pm to
Sorry for the late reply:

OK. Y’all please do your own research on this play.

Largo Resources. LGORF.

They are a vanadium miner that recently invested in a new business unit to make VRFB Batteries. These batteries will be critical in the deployment of green energy as they are able to safely store and distribute power in the peaks and valleys of green power. Unlike other battery tech companies, Largo is already a business entity being one of the larger vanadium miners in the world.

In an effort to gain financing for this move, Largo will call a shareholder vote in March to push for a US stock listing. LINK. Once US investors get wind of another green battery play, I expect it to jump.

I watch CNBC religiously. Some older guy mentioned this as a value play and it jumped the day he was on and has been flat ever since. Vanadium looks like it could be the play to beat lithium and other techs in the green utility storage space while lithium will be the tech in the consumer space. I see this as a longer term play on that space.

Good luck.

PS: The company just paid off all their outstanding debt earlier this year. It's up 10% today. Probably because of the power issues in Texas which the Largo VRFB solution solves (energy storage).
Posted by HoldenOversoul
South Carolina
Member since Oct 2012
509 posts
Posted on 2/17/21 at 3:47 pm to
That's interesting, certainly worth looking into. Appreciate the tip
Posted by AUHighPlainsDrifter
South Carolina
Member since Sep 2017
3122 posts
Posted on 2/17/21 at 4:47 pm to
I also appreciate the tip, but would you mind starting a separate thread about it? We're trying to keep this one strictly about STLHF.
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