RE:So what’s really holding back the share price? Imho, the following could be one of the factors causing the latest drop in sp:
A big chunk of the Q in the Q&A session of the CC was related to the journey toward vertical integration. I was not impressed with the As and I would not be surprised if the key stakeholders (analysts / major players) walked away with more questions than answers. I don’t think that the stakeholders are really convinced that Paulo has the experience / skills required to lead this important transformative journey. “There is no school for CEOs—except the school of experience” and Paulo first ever CEO experience is his current role at Largo when he was suddenly put into into the position because of the surprise departure of M. Smith. How about Paulo’s second in command? Ernest Cleave? This guy is really a light-weight. The only CFO / Vice President job that he had before joining Largo in Sep 2013 was a 5-year gig at Cline Mining Corporation. Cleave resigned when Cline voluntarily delisted from the TSX in June 2013 and just before the company filed for bankruptcy afterward. Unemployed for about 3 months before he was hired by Largo. Prior to Cline, Cleave had 7 different managerial / consulting jobs in the first 12 years of his career, each lasting from less than 1 year to 4 years. He is a CPA. Not very impressive, I say.