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...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|
|PRO Top long ideas returned 21.7% in 2016**|