Sherritt executives and board have no incentive to work hardfor shareholders.
Sherrit executives and board still do not buy the company stock - speaks volumes about their lack of confidence in the company and incentive to work hard for the shareholders. Several 0.5 or 1 million share purchases would change this.
Also:
- no share buy back announced by the company. They can easily afford $20 million buy back at this share price and it would reduce outstanding shares by 10% given current share price.
- no significant cost cutting measures and no reduction is top exec salaries
- no interest from other Canadian companies to buy them out at this all time low share price (I guess nobody wants to get involved with Cuba).
It looks like absent much higher nickel prices the shareholders will continue to suffer.