RE:Largo Announces Results of Annual and Special Meeting of ShaSeems no poster on the board was there although I see some 'no' votes. Given the number of shares these no's represent, also small fish like us.
I had many question for them but one function in the organisation I don't quite understand.
The have a CFO - quite normal: Ernest Cleave
But also : Luciano Chaves !?. Mr. Chaves has over 20 years of experience in Financial Management in a range of different industries. For the last 12 years he has lead the Finance department of multinational mining and services companies in Latin America. Since joining Largo in 2011, his understanding of both domestic and international business environment has brought a differentiated contribution to the Maracs Project. Luciano holds a Bachelor degree in Finance and Post-graduate degree in business administration.
This is a company with 1 product and 1 customer. Why does it need 2 financial guys at this level and salary. I would think that a company which used to loose money in baskets would be ran a bit more economic.
I hope that the new situation, a lot of profit, doesn't lead to a situation where they employ have of the state to please who ever.
If there is money to spend, invest it in schools, hospitals, ... for the employees.