RE:I provide data points and observations. Yes, thank you Mr. Binedell for buying a very small portion of the stock as a token of "keeping the faith" in Sherritt.
Here's what Binedell bought: Just under $28,000 in stock.
| 13 Nov 23 | BuyCA$7,800 | Leon Binedell | Individual | | 20,000 | CA$0.39 |
| 02 Aug 23 | BuyCA$19,600 | Leon Binedell | Individual | | 40,000 | CA$0.49 |
Some of you may think, "Wow, he is buying stock. Must mean that the stock price of the company is going to go up"
Others may think, "Well, when you're paying yourself millions like Pathe did, does $28,000 mean a lot?" How much has Binedell been paid since working at Sherritt?
What do you guys think? In reality, I don't see the Board actually significantly buying shares in a way that would indicate they see a bright future.
In my opinion they may be wondering if they'll be looking to sit on another Board, soon perhaps.
Here's the article explaining they are being remunerated too much perhaps.
https://www.theglobeandmail.com/business/commentary/article-sherritt-international-executive-pay/
***And here's an article from 7 hours ago that shows buying and selling in one of the links. It also provides an opinion of the risk associated to Sherritt as an investment.
https://simplywall.st/stocks/ca/materials/tsx-s/sherritt-international-shares/news/sherritt-international-tses-has-debt-but-no-earnings-should-1 GLTA