Contrarion’s April 2018 Prediction April 2018:
Sherritt Shares: $1.20
Nickel Price: $5.00
Since then, nickel has hit 15$ and Sherritt shares are at 45 cents. Maybe he needs to check the formula's in his model that "proves" Sherritt shares will go up when nickel rises.
Truly an amazing investor.
Contrarian333 - (4/11/2018 7:42:03 PM)
RE:RE:RE:RE:pssssssssssss..sssssshhhhh. Please
Nope. Yourfriendo is wrong. At higher and higher nickel prices Sherritt provides more torque than the commodity or any of the other "diversified" players you mention. The rough calculations I previously provided you prove that mathematically. That is why you own the stock. You won't see the torque to cash flows (and subsequently share price) until you see higher prices for the commodity. Sherritt is a "prove it" story and so you are unlikely to get the benefit of "goodwill" in the form of optionality in its share price until higher commodity prices come to be.
You guys sure waste a lot of time debating these issues. As I said earlier, best to wait and see what the 1rst Q results bring which is what I plan to do. It is the first Q reported with a 12 rather than 40% interest in Ambatovy. The numbers should be cleaner.