MY PERSONAL OPINION !!!- First & foremost I like to say that many of you "bloggers/posters" have become real desperate and that *contrarian333* is a fukcing disgrace and a degenerate gambler, period!!!!! Don't listen to that piece of $hit and his fat ugly wife is two-timing that saphead !!!! ......................... ....................... Ok now let's talk real business, it's in the bondholders best interest to flip the bonds over and collect 8percent/year that's the only way they can re-coup some hard earned money back from the disaster of a company, as long as nickel prices stay above $6.00usd Sherritt will only be here to exist to pay there interest to bond holders. The only way possibly shareholders might get some action is when nickel is above $10. With $170mil in the bank, they can bleed here and there and thats why $6nickel will pay bondholders further even though with mgmt's spending habits and stupid desicion making skills$6 is really crappy. Now if bondholders squeeze and Sherritt surrenders it would be pretty stupid for bondholders to take in worthless equity in a failing company and surrender 8percent coupon even dumber if they force some sort of restructuring they will only get diluted worthless stock in a company that has serious issues, bad mgmt and discounted or worthless asset in a country that is proven to be political suicide especially this day in age!!! Extending the bonds and collecting the full 8points a year on there capital is the best recourse and if they play there deck of cards right they can re-coup alot of money back....on the world market no company will purchase moa or any of sherritts Cuban assets and face almighty USA sanctions, thats simply a bad and toxic business desisicion. Any new mgmt team elected /appointed pretty much will be banned from any USA dealings incl winters in Florida, so it will be hard to attract talent just on that note .... Besides even if bondholders force a resturcturing and enforce it, The Cubans will need to approvd especially in regards of new mgmt, the Cubans may not be confertable going forward with it. Any new mgmt or major changes might cause instability with Cuban officials at moa and other assets in Cuba . Believe it or not the Cubans like dealing with Pathe & company and feel secure & confertable in there business dealings. Bondholders need to be carefully here and extending maturity date might be there best chance going forward........................................................................ Now for shareholders .... There is really nothing left here to invest in, nickel at $6,7,8 or $9 will only fund crazy operating expenses , bloated salaries and interest payment to there massive debt load and unhappy bondholders.....ambatovy is pretty much done, so once again this garbage of a company continues to shrink but there obligation unfortunately don't!!! Maybe at $10nickel there might be something for shareholders but $10 is a long way away!!!!!!!!! Block10??? Who cares even if there is something there it will take a huge capex program to bring it online and sherritt is broke so once again big dream and no money :+( ........ Now for you idiots out there that are crossing there fingers for $10nickel+++ well let me tell you that you can't depend on LME inventory levels just this past fall levels plummeted to 10yr lows but the price wasn't anywhere close to $10... There is alot of stockpiling going on and alot of non LME warehouses in the world so it's hard to truly know how much glut exist and yes there is a glut out there.... The electric vehicle boom demand is a hoax, I will be the first to say that during that past year- year and a half I have witnessed at least 100 vehicle purchases through friends, family, colleagues, aquintances and not one of them have been electric, and when there leases expires in a few months to a year or two away or they trade-in...not one of them have electric on there agenda, the almighty internal combustion engine is still where the real demand is!!! Sherritts story stinks and it's a gamble, I think blackberry is a better gamble for you gamblers out there!!!! Sherritts intl simply stinks.......... Have a good night