RE:Today’s presentation PedroPistacio wrote: I had to listen to the recording of the presentation rather than live unfortunately. However, I did think that CV's tone and manner was a marked improvement on last time, although I'd be interested to know what others think.
I am nevertheless still a bit lost on the matter of trucking costs and how these can be improved, but generally encouraged. However does anyone know why CV is in the UK rather than on site? And for how long?
Hello Pedro,
Mr. Veloso filed a signed statutory declaration in November with the UK corporate regulator (Companies House) that he had become, effective on August 17 2021, a permanent resident of England. Until I hear differently, I can only conclude that Mr. Veloso has chosen, likely for family reasons involving his British wife and her extended family resident in the UK, to leave Brazil and take up residence in the UK.
I believe this is a material change in the day-to-day management of the rapidly growing operations focused solely (at this time) in and around Sao Gotardo and Belo Horizonte areas in Brazil, and one that needs to be duly reported to shareholders by way of a news release confirming the move. The Company (Board) needs to explain how the Company will now operate its CEO centric/focused management structure with the CEO 8,000 miles away - now a resident of the UK.
Cheers,
S.