Sherritt International Corp T.S

Imagine

[YourFriendo]

You purchased Sherritt 5 years ago becuase you wanted to get exposure to Nickel. Based on your "model" Sherritt had "torque" to nickel prices.

You purchased your shares at .90 and waited for nickel to climb from $4.50.

5 years later, nickel is at 9$ (100% return) and your shares are trading at .47 (loss of 75%).

Meanwhile, during that time, the S&P 500 also doubled.

If you can imagine that, your name would be Contrarion333 and it's your reality.

[FederalReserve]

Also Mr.C333 a.k.a "Mr. Nickel torque" I'm with *yourfriendo* here. I see no evidance that Sherritt intl is a "torque" play on higher nickel prices. They were losing the same amount of money at 4.95 nickel and today 8.95 nickel. Ok cad/USd was .85-90 then and now .79 but 4dollar pound in nickel price rise, still isn't enough for break even here and it's stock stinks

[mas7575]

I think it has more to do with the sheinking of our oil revenues. This high-margin line of business used to pad the accounts and financial statements, but is less relevant by the quarter.  Hence the ill-fated big gamble on Block 10 by management. mas75

[mas7575]

*shrinking, not sheinking

[FederalReserve]

Another good point *mas75*

[mas7575]

Thanks Fed, bottom line is that the company needs new revenue streams and/or increased production to ensure long term viability. Otherwise it will continue to be valued between asset and liquidation value.   IMO, at least there isn't much downside to the SP.  mas75