RE:RE:A word of caution rkhosla wrote: My friendo - you are 100% correct BUT the market works on sentiment and is not as rational as you clearly are unfortunately. So we will get a bump on sentiment - sell before the reality as you describe sets in. I say some time just after election. Yes it then will loose altitude again but stage a slower recovery based on gradual improving fundamentals. Easing current rules on remittances and tourism will help foreign currency reserves - but I agree that will take years to be a reality given covid and slow wheels of government
If anyone is buying this based on the presumption of a democratic sweep they are fools. I think the odds of that are slim to none.
Cuba has delt with other hostile US administrations and Sherritt has been dealing with Helms Burton for decades. Trump is no more hostile than the Bush administration was to Cuba. What is relevant to Sherritt and to their receivables from Cuba is the price on nickel, cobalt, and to a lesser extent oil. Those all appear to be trending up.