Largo Inc (LGO): Largo Cash Flow Positive!$!$ Mark Smi...

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Friday, 11/18/2016 11:55:45 AM

Friday, November 18, 2016 11:55:45 AM

Largo Cash Flow Positive!$!$

Mark Smith, President and Chief Executive Officer for Largo, stated: "We are delighted with the Company's operational improvements, as evidenced by strong production results and improvements in cash operating costs since the beginning of the fiscal year. We are especially gratified by the fact that the Company was able to record positive cash from operating activities during Q3 2016."
He continued: "We believe the Company is poised to capture additional economic benefit from recent increases in vanadium prices. The price of vanadium pentoxide was quoted at approximately US$ 2.36 per pound during December 2015 and currently trades in a range of US$ 4.65 to US$ 4.85 per pound, which is already significantly higher than prices quoted during Q3 2016. We anticipate that the recent improvements in vanadium pricing will continue during 2017."

https://ceo.ca/@newswire/largo-reports-highlights-of-its-3rd-quarter-fiscal

Good Luck To All!$!$!$!$