Yes, I am just as surprised as you that the larger investors (brokerages, individuals, etc.) have let the share price linger at this level as long as this. You just know someone has to be playing with close to 10% of the shares by now. They keep forcing the price down and then buying as much as possible when people capitulate and give up on Largo.

This Northern Dancer project is really interesting. I believe using the cutoff grade estimate for Moly alone, this huge shallow deposit would be pulling over $1500/ton out of the ground. This is equivalent to about 2 ounces of gold by itself! I don't care if it is encased in Granite, for $1500/ton you will be making many hundreds of dollars per ton in profit. Throw in the titanium and you are laughing.

Largo's current problem is timing. Both deposits are well known. Nobody doubts what either contains. Both need more drilling done to define higher grade locations which would be used as starting points for the mines that will be built for both. They have the cash on hand and the plans in place to do the drilling for both projects. The problem is this credit crisis is causing across the board selling - irrespective of project quality. Now the person (Mr/Company X) that is trying to hold the price down started doing it just before the Maracas feasability study came out. A couple of weeks before the current credit crisis began in earnest. When it began, they (X) just pushed as hard as they could to kill the price as much as possible. They were really pushing hard on Friday too, but it is really hard to fight a 800+ point mood swing in the TSX investors.

I don't think they will be able to keep it down much longer. The story is just too good.