RE:RE:Billions of dollars for a teacup of nickelClearwater got their shares for free. They made so much money presumably buying bonds at distressed pricing and then selling them. so they put a tiny bit of that profit back into the common shares as a gamble. Then it wasn't performing well so they bought a couple extra to cross the 10% threshold and to disclose their ownership hoping that would juice things. This is speculation on my part.
CommonCents123 wrote: What a mess. Expansion when there is a glut? Makes no sense. Not realy sure why Clearwater bought in. Maybe they got hooked by reading some of the promtion that was going on here at stockhouse.
Sherritt sits at .26...how long before they close their doors? It's happening all around the globe...why not Cuba. China is failing, that I believe. Perhaps this is a prelude to a more aggressive reset.