The Investment Doctor
Long/short equity, value, debt, base metals

Largo Resources Has Hit The Ground Running - Time To Re-Evaluate


One of my first articles of this year was about Largo Resources (OTCPK:LGORF), which I thought to be an excellent investment opportunity when the share price was trading at around $0.20. We're now 5 months later, and the share price is trading at $0.255 for a gain of 27%, and as the company has made tremendous progress, I feel it's time to write an update and fine-tune my assumptions based on the currently known facts to determine if I should revise my opinion.

This update is warranted because Largo has concluded the commissioning process and is ramping up its production at the Maracas project. This means that the project is currently converting from a theoretical assumption (feasibility...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details