Cobalt This stock has been tracking the fortunes (or lack there of) of the cobalt spot price more than the nickel price since the massive dilution they did last year. Selling dam near a 100 million shares of the company and linking it so strongly to cobalt brought in investors only concerned with cobalt and it's preformance. Those investors are likely now dumping their shares as cobalt is tanking despite Sherritt being exposed to nickel much more than cobalt. That is my theory anyway, and I think it is a reasonable inference.
At these pices Sherritt could buy thier own paper for one third the value they sold it for last year. I honestly think they should set aside 5-10 million to do that. I think the share sale last year is the cause of it's underpreformance and they should take some action while the SP is so low to mitigate the damage they caused especially considering that a few million is not that significant relative to cash flow.