RE:RE:RE:RE:USA / North America marketThere is something fundamental that all organizations look for – especially from the top leader (the CEO) it is trust and commitment. The trust that you will be doing your best for both the organization (and us/shareholders). Even if I thought MS to be a good/ knowledgeable leader in the V space….as a shareholder, I still want his full commitment and undivided attention to the cause. Was he? Maybe so…or so I thought. How could one be giving their all if they are conceiving other businesses? when one is using company time (Largo) to advance some other cause – especially if it’s in the same realm and a competitive one?
All may have been fine if MS was doing all of this research, dealing-&-wheeling to somehow advantage Largo (the org that he was CEO of !!). Did he propose the Evraz acquisition to Largo after which Largo considered the bsnss prop and refused? or did he keep it hush hush and proceeded to make the most of it – bringing with him – someone that clearly impressed him (based on his last qr conf call dynamics).
In fact, it was during that conf call when he twaddled and prattled over Perles expertise that MS’ own depth of understanding on the Vanadium world-wide matter was put to question (at least for me) ….
I want good for MS but, as a shareholder, am not sure that he sold the high purity Vandium story to the world… for us. His commitment is in doubt and, with that, goes the trust …
Was this latest episode ‘the straw’ that broke things or were there other straws, preceding that, that would have broken it (the MS-Largo relationship) anyway?
There may be legal ramifications wrt to MS’ dealings while on company time (or not) -BUT- what is certain is that it reinforces the MS’s desire to continue to offer a product that, Perles certainly knows, will be in high demand going forward.
The G-unshackling, could bring a demand never before conceived by Largo (or us shareholders).
My personal (1 cent) , bottom line view : Good move in purging an un-committed xCEO. Continue to replace him with sales folks, a spit of marketing and a sprinkle of engineering savvy to ink solid contracts and unearth all Vanadium opportunities.