RE:RE:OUCH WILL EVs BE A BLIP IN HISTORY?I agree it does not affect their sales in a significant way. BUT it affects their costs / transport / logistics SIGNIFICANTLY. Recall the mine history was mixed sulphide shipped a short hop to Louisina where the refinery used cheap natural gas and other inputs.... Now it has to travel half way around the workd by ship and train to fort sask. Not to mention being unable to source mine parts and inputs etc from the US.
mas7575 wrote: Thanks CommonCents.
JMHO but I don't believe that the USA embargo/standoff with Cuba impacts Sherritt as significantly as some fear. Sherritt is a price taker (they don't set or significantly impact the market price), and doesn't produce enough volume to significantly impact the overall global Ni or Cobalt supply. They sell what they produce, and sell it at the established market price (although I have read here that they might receive a premium because their Ni is Class 1).
I agree that certain buyers won't directly buy S nickel because of the US-Cuba issue but this just means that S Ni gets sold elsewhere to others. Personally, I think that the big impact is on the senior board and their inability to travel to the states or risk being incarcerated. To me, this has historically been one of the points to justify extremely generous compensation for senior leadership. Not saying that I agree with it though...
S is a minnow in the world Ni pond, and I agree with many of the issues that you raise. I choose to track cash flow and debt reduction and block out the other noise. As long as they keep positive CF over time and pay down debt, the stock price will eventually increase. If they fall back into previous bad habits and more debt, that's when I could see trouble.
cheers,
mas75