Sherritt International Corp T.S

RE:RE:RE:Bloomberg story on Sherritt

[Stratocheif]

Stratocheif wrote:

Stratocheif wrote: It's a matter of PAYING for the equipment and to have it installed by drowning deeper in debt or another 100% equity dilution like 3 years ago. (the sp is gonna really fly then eh guys) For what? An incremental 15 or 20% increase in production at an unprofitable mine. Its the old rick rule joke...produce at a loss but try to make it on volume hahaha. Atta go Mr Blindtorealityel. Where pathetic pathe failed (to bury sherritt) it appears that he may very well succeed. Maybe it would have been a better idea to bring in whatever expertise or technology is needed to cut costs and return to profitability??? Not being a party pooper or anything but....it sorta looks nice and maybe... kinda cheers everybody up when a business is actually showing a PROFIT.

This is a post I put in Nov 2021 when they announced the expansion. 

This is the sad truth about "public companies" in general. They don't give a ___ about retail shareholders. They just plough ahead with thier expansion plans not knowing what the future will be and the risks that may arise. Hey if it fails, the executives pocket a few million in severance and on They go to the next gig.

Private companies don't operate that way because the OWNER has no intentions of going under. They run a tight ship and are brutal with cost control

I was put off by thier expansion plans ringt from the start when they announced them...above is my post from Nov 2021. Too bad. Too bad we have managers who gamble with stakeholder money with impunity.