Letter to senior management and Board Of Directors.
I am not sure if it makes any sense for me to beat a dead horse. However, being a long time shareholder, I feel that I should wake up the responsible people to do the right thing at the right time. In case, you don’t know, this is the right time for sherrritt management to become more active on two fronts.
On the internal front, please try to reduce your exorbitant expenses, reduce waste and inefficient expenses and stay in line your expenses with revenue generation capacity. Don’t take this as spending more now since the price of nickel is moving up (no thanks to you). Streamline operations and management expenses.
On the external front, please start to promote the company to investors, not just poor suckers like me but to institutions. Nickel prices are moving up, your expansion project is complete and there is some thaw in relationship with stupid USA and hopefully will continue in the right direction.
I will be eagerly waiting to see what you guys are capable of doing and what ethical principles you put in your daily professional work. Of course, I don’t expect any response from you as per usual.
Regards
Yousuf Ali