Reality will impose itselfIt's patient. It's relentless.
$0.285 at this moment.
In a market that is testing an 18 month high water mark.
Eighteen months ago, Sherritt was at $0.41, on its way down from a peak of $0.81 three months earlier.
It was last this low three years ago. And at least at that time it was modestly rising.
Just imagine what a good buy it will be once it is back to single digits.
The Fort Sask refinery is an albatross, planted in the middle to nowhere, constantly generating high transportation costs.
The Cuba government would rather sink their island nation than to acquiese to the Americans and join the 21st century.
The American government is going into an election year and no one, no one, has ever run on a ticket of letting Cuba escape its sanctions - at least no one that's broke single digits in voter support.
The share price is the acknowledgement that the company is circling the drain, with no white knight coming to save it. The only jewel in the whole lot is if you are a despotic regeim, awaiting Sherritt's demise, so you can sign up the Cubans to some belt-and-road bullshit.