my initial thoughts on this offer...
"SC2 Inc. ("SC2") is pleased to announce an offer (the "Offer") to purchase up to 21,621,621 common shares of Sherritt International Corporation (TSX: S) ("Sherritt") at a price of $0.37 per common share (the "Purchase Price"), payable in cash"
YET, SHERRITT has Total Shares 395.95M outstanding-this offer represents barely 5% of the total float and this is a bid that's being made by an entity only incorporated yesterday?? (according to some previous posting). Not exactly a massive vote of confidence in my opinion and seems a stranger way of becoming an ACTIVIST shareholder... yes Sherritt is cheap but the price collapse of nickel (and cobalt) is largely beyond the company's control and we are dealing with the gov't of CUBA so what's the agenda here??? Anyways, i just hope this isn't a thought up pump/dump scheme...see what happens....dwdc