RE:RE:RE:A trip down memory lane: The difference between MS and PMkha341 wrote: st_esteban wrote: PM is not good as a CEO
Not everything is peaches and roses with MS
MS is great as a stock promoter but look at the Titanic disaster that took place under his watch when he was CEO of Molycorp
If I recall correctly Molycorp went up all the way to ~100$/share and crashed due to a combination of a buying spree of other companies at inflated prices, a SEC scandal about incorrect reporting practices, the departure of MS when the company was in its death spiral and bankrrupcy acouple of years later. The leading cause for the bankrrupcy were created under MS leadership and a lot of stock promotions.
As a long term investor I would not want either MS or PM to be leading this company
The story of MS at MolyCorp was well known. The subject was discussed a lot on this board when MS joined Largo in 2015.
You started to invest in Largo when MS was still its CEO, right? If so then you bought into Largo in spite of Mark Smith. Perhaps you did not know about MS performance at MolyCorp back then? Or perhaps you did not care enough about it?
Unlike you, I, as a long term investor, would like MS to remain at Largo because I liked his performance as the company's CEO. But to each his own.
Based on your posting history, it looks like that you started investing in Largo a few months prior to MS joining the company.
The following was what you wrote on April 1 2015
“Molycorp was/is a fiasco but I don't think that this was the work of MS. Molycorp is mainly a producer of minerals that are in oversupply with no enough demand to justify its production. The Molycorp mine is rich in LREE but contains very little of the most valuable HREE required by the market. The fact that the share price ran upto 80 reflects a combination of factors (buble effect, manipulation, China limiting the export of REE, etc)”....
https://stockhouse.com/companies/bullboard/t.lgo/largo-inc-com?postid=23587164