RE:RE:RE:ANOTHER DROP IN NICKEL PRICES...MAY-DAY MAY-DAY MAY-DAYI really disagree with you on this VerificateASAP. I don't believe Sanguinity is spreading any fear, nor am I for that matter. We are identifying, quite easily, that there is risk in this stock.
1) Sherritt has embarked on an expansion program and is financing it internally,
2) There is a glut of nickel on the market and by adding capacity they're going to increase that supply,
3) By spending cash reserves, Sherritt is endangering their ability to pay debt,
4) The price of nickel is declining steadily,
5) The EV revolution is fizzling contrary to your assertions that it isn't,
6) Economies of the world are slowing,
7) Interest rates persist with no indication of changing (the market is hoping otherwise of course),
8) Inflation persists everywhere, maybe not 8% but still higher than 2%,
9) There is a real threat in the commercial real estate market since many now work from home,
10) Mortgage renewals are upon us and that threat is real as well. Some will walk away, some will just be mortgage-poor and won't have any money to spend,
11) China the great is also fizzling
12) Wars tend to be good economically but not so sure this time.
I fail to see how acknowledging the reality of the above circumstances is fear-mongering.
I don't see any indication that the above comments are false, correct me if i'm wrong.
I'm certainly willing to hear any informed opinions to the contrary.
At the end of the day, the stock is down to $0.33 and continues declining. That in itself is a clear indication that no major investors, except for 1, believe that Sherritt is a good investment.
I don't see a major investment by the Binedell Board either, and they have access to all the pertinent information on a daily basis. Thats very telling.
How healthy is their balance sheet? Look here for the analysis.
https://simplywall.st/stocks/ca/materials/tsx-s/sherritt-international-shares/news/sherritt-international-tses-has-debt-but-no-earnings-should-1