HAD WE KNOWN THEN WHAT WE KNOW TODAY...POLICY CHANGES FASTIf you're like me you saw hope in Sherritt, a company 90 miles off the coast of the biggest economy in the world in need of minerals/metals etc. The "Cuban Thaw" had begun in 2014 with Obama (9 years ago). Facilitated by Canada and the Pope. Seeing Sherritt's future as bright, you, like me, invested in Sherritt. Others as well saw the light at the end of the tunnel.
Then the thaw quickly froze again with the flick of a switch (Trump). Who could have anticipated such a reversal?
The problem with a member(s) on this board is that they too, have invested, quite heavily anticipating a cash bonanza back then. Now that the noose has tigtened around Cuba and the stock of Sherritt has gone through the floor, they need to get everyone pulling that "what if" train again so the stock can get over whatever the pumper paid for it, so they can exit the dead money and potential total loss.
Frustration and desperation are driving their narrative. I would love to make a profit on Sherritt and it would be great if you did too. But alas, the economy is in trouble and the US noose hasn't let go. Things aren't looking so hopeful for the moment.
The only way Sherritt is going to rise like a Pheonix from the ashes is when the US embargo is lifted. Thats it. Sherritt does have that opportunity ONLY if the embargo is dropped. Until then, the only money being made is by Sherritt's Board. We are left out.
It's the reason a company like CNC.V that has nothing but a field of dreams can boast a stock price over a dollar. Sherritt has an operating mine, production, refining, decreasing debt and revenue yet it's at $0.42. It's the embargo, case in point. Otherwise, Sherritt could be a great investment.
To buy now is a gamble, just as it was 9 years ago when I bought. The difference is, that its a lot cheaper now than it was when I bought.
Hey, if you want to throw some lunch money at it, the world is your oyster, but don't believe anyone that's pumping this stock with their personal aspirations of where it should be. The bottom dollar is that until the embargo is lifted, Sherritt stays on the ground.
Time will tell. The Cuban thaw history is in the link below. Maybe this glabal warming will melt some of that ice off the Florida panhandle lol.
https://en.wikipedia.org/wiki/Cuban_thaw