Post by
FCPlady on Feb 08, 2024 7:54am
Options for Sherrritt
With 2 years to go before notes are due and nowheere near enough cash to repay them, S has limited options. Besides another debt restrucutring, I see limited options for S.
Sure they can hire National Bank to launch a strategic review process and look for a buye. The Chinese would be obvious, but getting the Cubans to support the move or the Canadian government to approve the sale could be tough.
This dog ain't hunting. It will continue to limp to sad end.
GLTA.
Comment by
Ventoux1 on Feb 08, 2024 10:02am
Had the company done the right thing in 2020 and converted the debt into common shares we would not be having this discussion as the company would have been debt free and wouldn't have spent all that money repurchasing notes. You reap what you sow. GLTA
Comment by
VerificateASAP on Feb 08, 2024 10:14am
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