RE:RE:RE:RE:RE:A trip down memory lane: The difference between MS and PM st_esteban,
Your contribution to this BB is invaluable.
Just that in light of the following “one-sided" post against MS, I think that it would be fair to remind people a bit of your “thinking” history about the man.
"MS is not coming back to Largo so there is not much point on going on about this.”? Agree. That was why I was puzzled about you asking people to look at the old Molycorp fiasco to judge MS’s leadership at Largo. It was not very fair, was it? But again it's a free country.
So peace.
Btw, with regard to the re-measurement, MS was bound by the terms of the Glencore off-take agreement signed by the previous leadership, was he not? So why the need to bring it back?
st_esteban wrote:
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