RE:Reality!what TD report? The November 3rd TD report? Or is there a new report out?
Contrarian333 wrote: I don’t know what you guys were expecting but as I have said forever on this Board – Sherritt is an option on higher nickel prices. Once the nickel prices falls Sherritt is an out of the money option (i.e. they don’t generate positive cash flow). Its all well and good to expand the business , or try to monetize some technology when the cash flow supports it but when the nickel price falls below your cost of production all priorities have to change. Cash conservation becomes key. Management doesn’t control the price of nickel (or cobalt). The only thing over which they have some control is costs. The share price held in relatively well in the face of a weak nickel price until this TD report (and perhaps, as someone suggested those who had prior knowledge of that report). Its all about the price of the commodity as it is with all commodity producers. Now we’ll see what we have in a CEO – and how Leon handles this business with a lower commodity price.