Anybody have shares already? I see they just 1:10 reverse split this for a ticker changed, I wonder If I am about to be “TSNP’D” and locked out till gains disappear...

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Posted by Drunken Crawfish

Member since Apr 2017

3883 posts

Posted on 3/8/21 at 8:56 am to LSUguerilla

I have a small amount into it. They have a call in mid-March to discuss 2020 financials and a potential US market up-listing. I am excited to see where this goes.

They are a vanadium manufacturer that has vertically integrated their business with lots of room to grow. I am curious how the Texas winter weather snafu will impact sentiment towards the VRFB batteries.

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Posted by Drunken Crawfish

Member since Apr 2017

3883 posts

Posted on 3/15/21 at 1:40 pm to Drunken Crawfish

Largo Resources Executes First Iron Ore Sales Contract from Maracas Menchen Mine. Up 7% today.

quote:
Date March 15, 2021 Time 10:13 AM
Source MT Newswires
Largo Resources Ltd. (LGO.TO) has made its first sale of iron ore from the Maracas Menchen mine, according to a Monday news release.

The company said it finalized a sales contract on March 12 for 14,000 tonnes of iron ore to a steel producer. It has begun deliveries of the contracted material, with full delivery scheduled by the end of March.

Year to date, Largo is producing iron ore at a rate that would result in the generation of about 500,000 tonnes per annum and has accumulated a total stockpile of about 2 million tonnes, the company said. Material mined from the Maracas Menchen mine contains vanadium, iron ore and titanium.

"This sale also highlights the added benefits of our newly established internal sales division and capitalizes on the higher iron ore price environment," said Paulo Misk, president and CEO of Largo. "It is also a diversification of sources of revenue for the company as up until now, 100% of the company's revenues have been derived from the sale of vanadium products."

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Posted by Drunken Crawfish

Member since Apr 2017

3883 posts

Posted on 3/18/21 at 10:03 am to Drunken Crawfish

Largo Resources Returns to a Q4 Profit on Higher Vanadium Prices

quote:
(LGO.TO) on Wednesday said it swung to a profit in the fourth quarter on higher sales and improved vanadium prices.

The company said it earned US$6.88 million, or US$0.11, in the quarter, compared with a loss of US$4.3 million, or US$0.08, in the final quarter of 2019. Sales rose 64% to US$42.25 million.

Largo said its vanadium production rose 11% to 7.36 million pounds.

"The company exited 2020 with strong operational and financial momentum following new quarterly and annual production records and a new quarterly sales record. I am pleased to report that we achieved the lowest annual cash operating costs excluding royalties to date of $2.56 per lb ... in 2020, outperforming the company's annual cash cost guidance by 5%," chief executive Paulo Misk said in a release.

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