RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Boomchicka WOW WOW!!!!!!Contrarian333 wrote: If you are a S investor, the Board and management are your "partners". You're missing the point. In my example (and with Sherritt) you weren't consulted as to the sale of this interest. In fact, it was only through a technicality that Sherritt managed to do this financing without requiring a shareholder vote. I would rather not be diluted of my interest thank you. I'm an investor because I see an opportunity. It doesn't help that opportunity to be fully realized when the stewards of my investment make poor capital allocation decisions like this one.
Fully agree! Just look at the figures at close yesterday:
- Ni price is up, the 5th highest of the last three years
- Ni stockpiles at its lowest for more than three and half years
- Co closed at $ 85'000, the highest in more than 10 years
And what did big S SP? Went down 0.78%!!!
Without
this damn dilution we would be clearly above $ 2.
Investors
were scalded by the bad decisions of the Board without any good news in return or promising forecasts.
The market speaks and it why S SP is at $C 1.28 right now, such a waste! It will take months and Ni and Co going much more higher to recover last January investor's confidence in S (when it was at $C 1.87).
I am extremely disappointed by the Board, not to say disillusioned.
Can you say the opposite???