RE: Sherrit not shareholder friendly"It may be awhile before we see a price recovery" -yoda2
Yes. Desjardins dropped the price target for Sherritt upon news of the financing. I see this as a buying opportunity. (Desjardins has been "too close" to this sector IMO. A little bit of bathwater drinking is to be expected.)
However, in the background, there is substantial risk that a slowing US economy will drag all commodity prices down.
On the other hand, if this 'recession' lasts ~12 months and China doesn't implode on clumsy administrative measures, things could turn out rather positively for patient shareholders.