Sherritt International Corp T.S

A BLAST FROM YOUR PAST

[CommonCents123]

VerificateASAP

OP•1y ago

 

A post below from VerificateASAP on Reddit 1 year ago...I swallowed the hook, line and sinker from this clown and my fault.  I hope none of you went as hard as I did?
Today Sherritt sits at $0.28.  God help us. Helms-Burton no sign of easing, economies of the world slowing, glut of nickel.  Get the loss sheets ready unless there's a miracle.

Economics was my expertise. Growing economy Growing economy with higher employment says buying base metals in growing economy- engine of full economy means more copper more ni needed. Every velocity of money factor expands in every direction with hindrance. Every factor of every sector of the economy grows. The creation of jobs is remarkable for an economy with higher interest rate's factored in. Higher pay grades. It's working through the system and with only one direction for an ever dwindling supply of base metals. Demand is strong with supplies very tight

no recession but expansion continues

[Sanguinity]

"Economics was my expertise." Anyone claiming they're to be relied upon for their "economics expertise" is a con artist.

[Stratocheif]

Absolutely right. You see these guys (the biggest names in the field)  in interviews. And they publicly contradict one another. Hey man this is you life's work. You are supposed to come up with valid opinions or forecasts. But they don't. They are mostly off the mark and I wonder if a 5 year old might do better.  And the crazy thing is no matter how many times they get it wrong,

[Stratocheif]

That unfortunately led to the collapse ao Sherritt. They were a great company 10 or 12 years ago. But then they took seriously all the "economists" whe were , back In 2010 or so that nickel prices would double in 10 years. So sherritt sold thier coal business for a billion dollars and put the money in Ambatovy expecting to cash in on rising nickel prices. Well as it turned out, the

[CommonCents123]

The only other job I can think of where errors mean nothing is a weather person!  And even then, the weather in Cuba is pretty consistent.  Hopefully Sherritt International can "weather the storm ".