Post by
Drhoho on May 19, 2022 12:02pm
Misdirection
So much negativity directed toward "management". Language barriers, ie, Paulo Misk and Paul Vollant, are real. Compensation packages in light of company size and $ amount are worth questioning
in my judgement. Questions about new company plans and propose performance, including the iron ore fiasco, proposed income and cost of V2O3 new production, proposed income and cost of tailings ilmenite and TiO2, all cost and logistical issues related to VRFB business with creation of LCE, creation and approval of the very complicated LPV entity, and, lastly, seeking Canadian approval of US$27 million stock bye back are not in management's control but rather the BOD. Paulo Misk is the only management member on the BOD. To my way of thinking, the key to success, or lack there of, is directly under control of the three largest shareholders, Alberto Arias, the West family, and Lee Cooperman. Those three own, I believe, close to 38 million of the outstanding 64 million shares, or about 58.55%. Any of the rest of us shareholders, small or large, need to pull hard for those big boys to pull us along with them to make a lot of money with sp appreciation. Otherwise, they stand to lose a whole lot of money. Management has been and remains working real hard to implement direction from their bosses, the BOD. The best forum to question LGO success/failure is the annual stockholder meeting 30 June. I hope to see happy large and small shareholders there. The LGO sp today, as of now, is north of US$ 10.00, and I hope to see it rise even further over the next 6 weeks.