Anybody buying at current price?This applies to the bulls in the room.. bears I don't know why you even stick around, guess ya'll just like being hypocrits and complaining about lost money..
Now that it appears the cobalt swap is doing the trick.. and Sherritt is expected to recieve another $114mil US for the next 3 years on top of their share of MOA distributions, is anybody out there on this board buying? Or are we all just holding our breath? End of July means sherritt will satisfy a key step in providing Sherritt with the ability to provide returns to equity holders...
Granted, nickel prices aren't entirely cooperating with a bullish outlook. But our company is worth $197mil CAD at the moment. Considering what's coming in, and what remains to be paid off, it may not be muich longer before we see something.
"Satisfying the Junior PIK Notes interest in cash, rather than payment-in-kind, is a key step in providing Sherritt with the ability to provide returns to equity holders."