Largo Resources (CVE:LGO) and Madalena Ventures(CVE:MVN) will take the stage at our next Proactive Investors One2One forum in Toronto on May 16th, where investors will hear about both companies' development plans.
We are offering investors a rare opportunity to hear from Mark Brennan, president and CEO of vanadium and tungsten developer Largo Resources, as well as from Kevin Shaw, president and CEO of Madalena Ventures, which just released a resource report uncovering an estimated 34.8 billion oil equivalent barrels of petroleum initially in place at its Argentina assets.
The Proactive Investors One2One forums promise to provide direct access to the bosses of some of the nation’s most dynamic growth companies.
Indeed, this time is no different, with Largo Resources andMadalena Ventures set to take the podium on Thursday May 16th 2013 in Toronto, at the Ivey ING Direct Leadership Centre - 130 King Street West. The presentations will start at 5:30pm and finish at 7:30pm.
It promises to be an interesting affair, with two compelling investment opportunities on hand for attendees.
In six years, Proactive has organized more than 300 events and introduced investors to some of the stock market’s best-performing stock market listed companies.
Largo Resources and Madalena Ventures will make a 20 minute pitch followed by a 10 minute inquisition by a roomful of potential investors. Once the companies have presented, complimentary canapés and beverages are available for 90 minutes during a break-out session, where attendees can mingle with other guests, or ask more questions to the presenters.
Aside from the Toronto event, Largo Resources will also be presenting at One2One forums on Tuesday May 14 in New York - at Connolly's Pub - 121 West 45th Street - and on Wednesday May 15 in Montreal - at the University Club of Montreal - 2047 rue Mansfield.
Madalena Ventures, meanwhile, will also be presenting in New York on Thursday May 9 in New York, at Connolly's Pub - 14 East 47th Street - Dining Room Entrance (Back room)
To find out more details and register for all these events, please click here.
We look forward to seeing you there! (See mini bios on Largo Resources and Madalena Ventures below)
Madalena Ventures (CVE:MVN) impressed investors this week after strongly validating the massive upside potential in its Argentina assets. The junior oil and gas play continues to ramp up production through its horizontal resource plays in Western Canada, while also driving forward plans to further unlock value across its shale assets within the Neuquen basin in Argentina.
Indeed, on Tuesday, Madalena released a resource statement on its unconventional shale resources on its three land blocks within the Neuquen basin. The report, done by Ryder Scott Petroleum Consultants, showed a best case scenario of 34.8 billion barrels of oil equivalent total petroleum initially in place, 51 per cent of which is made up of crude oil and natural gas liquids.
“With high impact unconventional shale drilling [in Argentina] planned for this year and billion plus dollar joint ventures taking place surrounding Madalena’s acreage, we are focused on unlocking significant value from our international activities in 2013 onward," CEO Kevin Shaw told Proactive Investors in emailed comments this week.
The company's exposure to multiple, high impact tight sand plays in the Neuquén Basin is key, specifically the Vaca Muerta shale - which the company calls the most tangible shale play outside of North America.
“Driven by the Vaca Muerta and Lower Agrio shales, the prize in-country for Madalena is considered home run territory within the international E&P sector, with the size and scalability which the major E&Ps are looking for from a resource in-place and reserve replacement perspective."
Largo Resources (CVE:LGO), meanwhile, is a Canadian strategic mineral company focused on developing its vanadium and tungsten projects in Brazil and Canada.
The primary focus is to continue to advance its flagship Maracas vanadium project with the company targeting a production start date in the fourth quarter of this year. The project, which is fully funded, permitted and in construction, is slated to be the world's "premier producer of vanadium", according to the company, due to its high grade and low operating costs.
In a statement this week, the company said it is confident it will meet its commissioning target of the fourth quarter for the project. Civil and electrical mechanical construction continues to "progress rapidly", the company told investors in a statement. The water pipeline has already been commissioned and has been running continuously since mid-March, while work on the electrical power line is continuing and pre-commissioning remains targeted for August.
The 27,000-hectare property is located 813 kilometres northeast of Brasilia, the capital of Brazil, and 250 kilometres southwest of Salvador, the capital of Bahia State.
Largo, which is modeling average annual production of 11,400 tonnes of vanadium pentoxide equivalent over a 29-year mine life at Maracas, already has an off-take agreement in place with Glencore International for 100 per cent of material for six years.
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