I'm happy to see the high teens for a year and give the flow...

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jortexx

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28/03/19

12:38

Post #: 37913247
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Originally posted by tonethegroan ↑

I've been looking at the Largo result which was excellent....share price up 7% overnight but remains well below recent highs. Got me thinking....

Largo's share price peaked 5 Nov 2018 at C$4.65 and after last nights 7% rally sits at $2.33 (-49.9%).

Over exactly the same period the V price has declined from $33.90/lb to $15.40/lb currently (-54.5%).

On the face of it the conclusion is, Largo is acting as a proxy for the V price (mostly).

Over the same period again, TMT has declined from 52c to 23c (-55.8%).

As much as a material upgrade in resources at TMT will be welcomed, what we need is a stabilisation of the V price (which surely can't be far away) and then, for the V price to start the inevitable upward trajectory (hopefully in a measured and incremental way) so that by the time the DFS is announced, the V price is sitting in the mid-20's say, which should see us much closer to fair value somewhere above 50-60c (pre DFS) so we can then push on with offtake agreements and a share price well north of $1.

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I'm happy to see the high teens for a year and give the flow battery a chance at a reasonable amount of market share. Also, when the price goes ballistic like it did with cobalt, the big players start looking for alternatives, something we don't want Airbus or boeing doing any time soon.

TMT Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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I'm happy to see the high teens for a year and give the flow...

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