Wow what a wild ride last night..despite the fact V2O5 went to a few cents below $25/lb a record high this year..it would appear that china steel requirements are beginning to freak the market out and there is continuing drama and reports of increasing shortfall in supply.
Largo opened up at $4.24 (following large uptick on pinks the day before--Canada was shut)...a fund dumped over 1 mill share amidst a turnover 0f 7mill (normally 2mill/day)..this sent them to $3.30 to recover to $3.50. Not sure if Brazil elections worry..but v doubtful
Lgo has reported approx. 2500 ton for last qtr and by 4 Nov should report audited profits and revenue. IMHO this will more that justify current prices expecting over $125m revenue for current Qtr. When Glencore agency finishes this will go up on current prices another 15%.
All I can say V companies like TMT AVL will have their day...they are just as good as Largo