RE:RE:RE:One negativist is blocked on 🚫 list. Tell me if 14 billion A hole in the ground is still just a hole in the ground if it doesn't produce anything, even if you spent $50B on it... same with any asset, if run poorly with high input costs relative to what it produces will become a liability instead of an asset.
Stop harping on about how much new refineries and mines cost and how the predators of Wall Street are all working together to bring Sherrit down. The fact is Sherritt needs to work it's place into a more stable position. Until then it's stock price will reflect the precarious position it finds itself in.
I'm not panicking with my sherritt position but it's important to see that right now the company is not performing. On a broader scale I believe there's rebalancing that is happening as the market swallows the massive volume increase from Indonesia coupled with a weaker stainless steel demand. The global nickel demand has yet to pull our prices up but it eventually will. We just need to hang tight. Sherritt needs to get its sh!t together.
The sun will shine again, eventually. Load up on shares if you want but be prudent as to not work yourself in a precarious position as your options become more limited. If this is the only company you have in your profile you may be in a very bad spot. Heed the old saying, don't put all your eggs in one basket.