RE:Right now things are getting worseCuba as a state cannot provide even the basics. It is not simply the geo political position the Americans have cornered them in. That has been their excuse. Their industry is not state run, it is state neglected. Look at the astonishing historic decline of their sugar industry due to poor management etc. They are incapable of maintaining the sort of discipline and investment in something so simple as a sugar mill that a private enterprise would. Having us as MOA JV venture partner has brought some reality / discipline to the table for that enterprise. Just look at the totally dysfunctional decrepit sister mine just miles from us. Yes 70 to 80 year old cars (just think about that for a second) are nostalgic for tourists but certainly are enigmatic of a horrendously inefficient and neglected economy. so for those who invest in Sherritt continuing to be aware of the dire situation in the country in which we operate I think is essential. It is what makes this such a gem of an investment. It is the reason why we are able to invest now at such an astonishing discount. So we should be turning a blind eye to this. It is a risk to us in so far as possibly percipitating civil unrest which could possible lead to a resdistribution of assets and power which could possible rob of of our MOA assets (just like it did to our predecessor from whom we inherited the mine, freeport sulphur, in the most recent upheaval aka cuban revolution, of the 1950's). I dont think strato is being negative - the situation is worse than it has been in decades and deteriorating further with massive migration, worsening living situation, and decreasing financial prospects. Best case scenario is a Vietnam style transition to free market. This is what I hope for as an outcome. But there are risks. And there are other outcomes such as muddling along with the status quo. But you can bet if Cuba comes through this, part of our astonishing discount will evaporate. And our shares will rise radically.
Stratocheif wrote: https://www.msn.com/en-ca/news/world/havana-announces-blackouts-cancels-carnival-as-crisis-deepens/ar-AA108aex?li=AAggFp4