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Bullboard - Stock Discussion Forum Largo Inc T.LGO

Alternate Symbol(s):  LGO

Largo Inc. is a Canada-based producer and supplier of vanadium products. The Company’s segments include sales & trading, mine properties, corporate, exploration and evaluation properties (E&E properties), Largo Clean Energy and Largo Physical Vanadium. Its VPURE and VPURE+ products, which are sourced from one of the vanadium deposits at the Company's Maracas Menchen Mine in Brazil. The Company... see more

TSX:LGO - Post Discussion

Largo Inc > Reducing costs by cutting the fat at the top
View:
Post by kha341 on Sep 20, 2024 2:47pm

Reducing costs by cutting the fat at the top

 


Arias is cleaning house.

Paulo Misk, CEO, top 7-figure annual compensation, sub-par performance. No skin in the game. Gone, temporary in-house replacement since Feb 2023.

Ernest Cleave, CFO, 7-figure annual compensation, expensive no-name bean counter. No skin in the game. Recently gone, in-house replacement

Paul Vollant, Commercial Officer, 7-figure annual compensation, expensive no-name salesman,  known for providing word salad and misleading information to the stakeholders (e.g. the iron ore fiasco). No skin in the game. Gone 2 days ago, in-house replacement.


The new CEO would be able to come in with a clean house. 

Let’s hope for a strong V2O5 recovery soon.


DYODD




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