RE:RE:RE:China/Cuba BRI dealThis huge political risk, plus the huge debt burden at sherritt corporate, plus the lack of any feedstock other than the Cuban ore, plus the unscrupulous greedy gouging of the treasury by successive management teams and boards going back to the takeover by Ian Delaney, plus the ridiculous financing in 2018 used to reduce debt at 90 cents on the dollar etc etc etc is why the penniless company trades in the Pennies. Just my 2 cents worth from watching this company for 30 years.
Maxmoe wrote: wow is that optimistic. More likely is the scorch sherritt nightmare scenario. The Chinese and Cuban governments are on the same communist page or at least the same chapter. Neither follows "the rule of law" as we understand it so forget any JV agreements or accounts receivable. Neither needs Canada for anything nor do they give a sweet patootie what Canada thinks. And there is nothing Canada can or will do. The USA will maybe be sympathetic but won't do anything either other than laugh at the dummy Canadians. How's this sound? 1)China makes investments in Cuba, like the soviets used to 2.) Cuba tells sherrit to get out of Cuba on some made up nationalistic charges. Sherritt gets nothing. 3) The chinese take every ton of ore and ship it for processing elsewhere or possibly, but unlikely, build a refinery/smelter at MOA bay And hmmm Moa bay = Mao Zedong ? <blockquote class="BBQuote"> <div> <cite>autofocus111 wrote:</cite> Would Canada approve a takeover of Sherritt by a Chinese firm? Can the Cuban government terminate its JV arrangement with Sherritt? I think the ideal scenario here would be a capital injection by a Chinese company in exchange for a stake in the Moa JV, with an agreement to continue to refine the metals by Sherritt in Canada. </div> </blockquote> <br /> <br />
<br /> <br />