Largo Inc (LGO)

[nrcmedia]

I been waiting on this baby for a few years to complete this 'long term bowl' pattern. We may have to wait for a handle...but maybe not. Been accumulating shares of this over the past few months as the right side of the bowl started to define itself. Well here we are at the upper right side of the bowl (or cup perhaps if a handle is created)if it decides to define itself further before breakout. But breakout...we will have....most assuredly.

Take a gander at the 5 year chart and you'll see what I'm talking about. This is a case of technicals reinforcing fundamentals....or vice versa depending on your philosophy. After listening to the conference call trying to sort out the financial report there was an interesting question and response about institutions and high value investors possibly selling off some profits. That is what I attribute to today's selloff. They are turning a profit on this years run up and in defense of next years political and economic instability caused by....you know who

My gut tells me to hang around....my analytical mind
tells me most of the numbers make sense. Unfortunately I have an underlying paranoia of the market in general going into the end of this year. Looks like a major sell off in stocks is underway and you never know whether the microcaps will run against the market or with it sometimes. Either way I'm already on this for quite a few shares so unless it breaks below $3.00 rather quickly I'll be here for awhile.

You can all see the 'Vanadium' story....that is running sort of inline with the lithium and cobalt demand that has been created with EVs and electrical storage. Not sure if the primary driver is long term battery technology....short term Chinese steel production...or long term aviation demand....etc. Either way this is not a one dimensional mineral and should be worthy of some investment for the future. Those of you who know me are aware of my love for mineral commodities.

The average price in the bottom of the bowl is somewhere in the .40 range and the upper edge of both sides is in the 3.20 average. (that would be on the OTC shares). Interestingly enough the TSX chart would suggest it has already started its breakout if you are dealing in Canadian Dollars........
if you do the math you can calculate what the first leg up will probably be. I've already done the math....but I don't want to make it to easy so I'll let you guys run your own projections.