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I hope we all including Truth and Transparency agree that this is not the result of the Spac deal in previous year
You were the one that brought up that the decline in shareprice of Largo was due to the SPAC and not because of fundamentals?
Really? Truth and Transparency?
Read this from December 7
Largo: Production Issues And Grim Prospects For Vanadium Prices
Dec. 07, 2022 6:34 PM ETLargo Inc. (LGO), LGO:CAVAND:CA9 Comments
Summary
Production declined to 2,906 tonnes of V2O5 in Q3 2022 and this pushed cash operating costs excluding royalties to $4.86 per pound.
With vanadium prices continuing to slide, the company ended the quarter in the red and Q4 financial results are unlikely to improve as vanadium prices are under severe pressure.
Largo looks cheap based on the NPV of Maracas Menchen but I think this is the wrong time to open a position.
Please do some better dd before you post something . Transparancy ? My .....
Richard. i forgot to add. lol to my previous message
I think you are Scott
Middleborder. I accidentallly blocked you and cannot find the unblocking feature .on my smart phone
apologies
They can only disclose what the experts have signed off so we are waiting for them really. Whether it is before the year end or just after , we are close imo.
I would love to discuss some of the comments with some of the posters in person. I hope I will meet them at the ceremony.
in both cases it is a 100 percent increase so the same increase and with less shares I see that therefore happen sooner than with 10 times more float.
I thank the guys that took the time and the effort to attend the shareholderdsmeeting and report their findings.
Strange that people who do the effort and meet management have a positive feeling and have respect for management .
I love to meet you in 2023. It feels great to be part of this great project.
you are correct
because the ratio is fixed when the shareprice increases before the GXII transaction the GXII shareholders benefit equally as do the Old Niocorp shareholders.
Mnga if I made 15 million last year but lost 4 million this year but am in the running for 100 million profit in the future I am more excited than somebody who is in and out and missing the boat all the time and then blaming management for his lack of trading skills.
i want to hear your suggestions for the new management ?
yes with 10 times less shares but the same market cap.
so in percentage the same increase
Norcal if you are indeed 10 to 15 years in´invested in this company you could have made between 600 to 1000 percent profit.
May I ask you politely what you paid at that time. ?
MNG
I had a quick look at the performance of Niocorp over 10 years.
plus 664 percent. OMG.
and everything has yet to start.
read what i wrote in one of my last messages and read the financial statements of Largo over the last 7 years and follow the comodity markets.
Also try to understand the issues Largo faced in the last years and come then back and write something clever.
Thank you for at least agreeing that.
We differ opinion on the merit of a RS. I still do not understand your reasoning on that .
Sorry I cannot change your negativity against me.
Let us agree that we disagtee.
The so named transparent guy compares apples with oranges
i think the LP deal came to an end and they had to renew it. Instead they found a new partner.
like me
it was trading at 10 cents then
without Mark we wolud still be trading at that shareprice like Scandium international. Niobay Excelsior etcc...
sorry to disagree
thank you for sending me your dd
if that is your conclusion why do you stay invested? that is an honest question.
I sold them at 4 cad. not 4 cents
LGO chart since reverse split in March 2021. You can access the 'live' online version of this chart at the link below:
https://schrts.co/TYjIVjMx
If you can open the chart you can see that the stockprice did not move for the 5 months after the stocksplit.
On 11 of august Largo published financials which showed increase of 80 percent in operating cost . They also announced to invest massively in vanadium for batteries.. This news was not well received by the market resulting in a large drop in the stockprice from which Largo not yet recovered.
On top of that the commodity index did not do well since then so there was a general decrease in commodity stock prices.
So these are the reasons for the drop. They were company and sector related. Nothing to do with RS.
So please refine your dd and do a better job.
Mark saved Largo from bankruptcy in 2015 2016. He was then asked by the major shareholders to restructure the company.
i bought stock at 13 cent then.
sold them at 4 a few years later.
please read some financials before you make wrong conclusions. Fundamentals matter .
look at the financials of Largo when vanadium oxide was at 30 usd. and now only at 8.
If I was not on vacation and playing golf today I would dig up some financial info that explains the largo issues which they had over the last years. Nothing to do with the RS.
I hate typing on a mobile
.
compare this company and watch the chart of Cyclacell and you see the same pattern. They are trying to cure the same cancer.
Financing Phase 1 studies in biotec is charity financing unlilke financing a mine where75 percent of the main product is already contracted.
I cannot believe you compare this biotech company with ours and call that good dd. This company has a pipeline in cancertreatments of which 1 treatment is in phase 1. so they have YEARs to go before they can hope to get FDA approval. if you attackniocorp please find something better.
i think we should get an update on these slides
nobody forces you to invest in either. I feel very comfortable with my position and so does my bank. They just bought 1.2 million GXII and changed recently their risk analysis for Niocorp for the better. And they are very conservative investors.
niocorp is a chemical plant that happens to have a mine in the backyard
MNG
Do you have also investments in companies where management is ok?
He has to make up his mind..
it is very interesting for the GXIi shareholders as they get cheap shares of Niocorp
or
there will be a lot of redemption at GXii as the deal is not interesting for them
arguing both at the same time does not make sense.
meeting management is my number 1 criterium to invest.
The fact that one of the largest banks in Europe bought recently 1.2 million GXII shares tells me everything.
They would not buy an OTC stock
If I am not mistaken you did the same with LWLG before the runup so I see this as a bullish signal (lol)
The board of directors massively exercised their options all together.
A big bullish signal imo.
I found out that BNPParibas arbitrage bought 1,2 million shares in GXIi . Imo this is a huge sign of confidence.
BNP is the parent company of my Belgian bank.
There was a time that they looked at me as being a lunatic when i bought Niocorpshares. ( as they did for my lwlg shares)
Times have changed.
thanks Richard.
you are even more fanatic on Niocorp than I am. lol
You are in fact suggesting that it is better for Niocorp to see the shareprice move up after the SPAC takeover because a RS of 1 to 10 is more advantageous than a 1 to 5 and certainly better than no RS.
The institutions can than then help move the shareprice up once we are on the Nasdaq.
I do not really disagree but can you explain that to some of the die hards here .
I do not want Niocorp to be the target of a massive shorting as I have seen it happen at LWLG over the last years.
Of course I welcome a shareprice of 10 usd before the SPAC takeover I will then gladly sell a few million shares at that moment and buy them back a few months later at a much lower price ( I am joking as I intend to stay in as long as possible and let my children and grandchildren benefit- I will not sell one share )