knowsbest: I will tell you what is needed for S share price to recover
(in addition to strong nickel and cobalt prices):
1. Insiders buy significant amount of shares in the open market - at least 1 million for the CEO and 0.5 million for other top executives. Skin in the game is important.
2. Company introduces share buyback - at least $10 million, better $20 to $50 million dedicated to purchase shares in the open market for cancellation. They can issue shares again once stock price is above $1.5 or $2 per share to get the funds back.
3. Change executive copmensation structure - significant cut in base salaries (say 1/3 current) but introduce bonus on performance and stock options.
4. Significant reduction in overhead cost, not just $1 million. Moving head office to Edmonton is drastic but would send the right message.
5. There is clearly very powerful, well funded and informed party that is methodically moving S stock price lower and dumping millions of shares at basically any price, including new multi year lows. Either 'make peace' with them and get them working on driving the share price up or else team up with sb else who can take on "the seller" ... not a mickey mouse institution that is trying to defend S stock price.
Regardless, if 1 to 3 above happen, this would change the negative perception about Sherrit's top executives and how the company is run.
Right now, S stock price is priced at bankruptcy level so drastic action is needed.