RE:RE:Sherritt refineryHi Oldtimer
I agree that there has been an unfortunate trend at the board level to dealmaking at the expense of value creation. That is true of a lot of companies and is not unique to Sherritt. I dont agree that the way to fix Sherritt's problems is to have technical expertise on the BoD. I dont know how Glencore is structured, but i thought they kind of pioneered the deal making and sleight of hand takeover culture over value creation that we see in lots of industries in today. I think that getting out of Ambatovy while still having a company left needed the beancounters we have on the board.
It is tempting to look over the fence, but Glencore/Xstrata is not the fence we should be looking at. I still think the very high end nickel niche that Sherritt occupies will pay off once we get the debt sorted out. Investors today will have a much more positive view of this company going forward compared to those of us who rode this thing down in the last few years.