Member Info for Dcat80

Further details on largo plans in recent crux interview. 17minutes in references they’ll be helping other projects get into production and battery use expected to be over 30 times Largos own supply.

Wonder who it was Brian references as seeing us more a battery play than just producing an iron/vanadium concentrate….

https://twitter.com/sydenhamtrading/status/1500845204533911556?s=21

4 bid hits today chasing it lower, but delayed but to appear and now Nt to buy more than 7500 shares….

Iron ore futures up 7% today and vanadium prices also rising hard, as are most commodities to be fair. Definitely the sector of want to be in at the moment!

Yep, I’m extremely confident. Overall market might be a mess, but commodities place to be in my opinion and parties we’ll be talking to will be more focused on commodity prices and macro rather than what the ftse or otter indexes are looking like!

Zinger - it’s the 3rd party talks holding things up, if that I’m very confident as it’s the financiers who will largely dictate what production route is proceeded with. When you’re dealing with 3rd parties timelines aren’t fully in your control, however the discussions have been ongoing for a while and the Russia/Ukraine situation will only heighten security of supply to the likes of largo and glencore.

Current prices and the ability to proceed with a DSO operation in which capex would be within Jangadas own means will further strengthen our hand at the negotiation table. At current prices the DSO operation would now produce free cash flow of over $40m PA .

I do get annoyed with silly selling such as sells oversized to buys, bid hits or sells below bid!! As I’ve said it can often deter buyers and think most like me prefer buying gradually into an increasing SP.

We need sensible selling to stop it getting too spiky on low volume, for those that need or want to sell then small amounts into rise is great. We all win then.

For now I’m happy that lots buying after PEA are now also in position they’re back above breakeven. That makes for a happy DCAT as post the PEA we’ve had the resource upgrades and positive MET tests confirming higher grade fe content (gets roughly 25% price premium), along with improved macro such as vanadium and Tio2 prices.

We all know I expect/hope bigger things being worked on for project to now be classed as battery metals, something you can’t say if a DSO operation providing a concentrate. Hopefully they break silence soon with extremely positive news on exact route project being taken forward..

Silly sells at end of day, why anyone would sell 83k at 7.02p when 7.8p was paid just earlier this afternoon and buys heavily outweigh sells seems little not well thought. Anyway it’s highest finish since very start of Q4 and sentiment to vanadium exposure stocks definitely improving. Hopefully we kick further north over next few sessions..

BF - just on the Direct Shipping Ore scenario as highlighted in the PEA the additional revenue at current iron and vanadium prices would be circa $18m per annum.

As I said this would be additional I.e. on top of the PEA numbers that produced a 3mth payback.

Ad we’ve discussed though it doesn’t appear we’ll be going down the DSO route with recent comments about being seen as battery focused, battery focused isn’t a concentrate DSO product. Any further benefication adds value and worth, but required financing from partner and offtaker - discussions which have been ongoing for a year and further advanced on met results received in August 2021.

I’d be satisfied if selling continued, but in sensible manner where sell size trades reflected the buys and sold into them. Smashing larger sells just puts off the momentum buyers. We can get good rises with sensible selling..

Glad you found taken advantage. $11.50 per lb for the European vanadium pentoxide now, against a $6.3 per lb figure envisaged in PEA. Iron ore also doing well with the 65% benchmark at $173 per tonne

China buying to secure supplies..

https://www.bloomberg.com/news/articles/2022-03-02/china-moves-to-secure-commodity-supplies-rocked-by-ukraine-war

Silly selling back again. Sooner we clear this idiot that hasn’t learned to sell slowly into rise the better. Was 7.8p to buy 50k earlier. Seller put off buyers with oversized sells and now selling at 6.66p, what an idiot…,

BF - get yourself on Twitter, you’ll see much more than relying just on the bbs. Vanadium is back in focus, it’s not Jan specific. Bushveld (bmn) also up circa 18% today. Obviously fact we’ve news expected soon helps, but it’s the highlighted vanadium price increases attracting interest at the moment.

BF - wider market starting to pick up on recent vanadium price increases and 20% of world supply coming from
Russia may well cause supply shock. It’ll certainly help focus Largo and glencore on future supply security…

Yep, it’s terrible things happening in Ukraine just for Putin to set himself a legacy. Only hope the worst is over quickly with as low as possible loss of life.

Demand for commodities won’t be so adversely affected by a war in Ukraine compared to day loss of demand due to the pandemic which was on a global basis. On the supply side there will be constraints and efforts to source commodities from traditionally safer territories. Mining cos with assets outside affected areas should not be adversely affected, to the contrary the current situation might help those with critical metals.

All base metal prices up today, pretty much only sector on UK markets that is up is industrial metals (mining). Yet panic selling on juniors with cash and solid fundamentals….

Actual mid price close yesterday was 6.5p (6.3p bid 6.7p ask). Correct rise today 3.84%.

Was n/t again for more than 10,000 shares at close.

Sensible selling into the rise today, not the bigger blocks and bid hitting which can put off buyers. Hopefully see buying and similar selling confining over next few days causing nice sustained rise. Really shouldn’t be below the 7.5p levels seen end of Q3 with news now expected soon and commodity prices stronger..

Im getting Nt for more than 10k shares now

Nope. Ut last night messing with actual rise. Closed yesterday 6.3p bid 6.7p ask…

Due an update confirming another tranche of Valore shares due tomorrow, let’s hope no one gets confused and buys noting a 15% increases and RNS symbol without reading it ;)

Nt to buy at 6.7p now…