MEO 0.00% 0.0¢ meo australia limited

I doubt Sheritt Intl. would be a buyer. They are drowning in...

  1. 1,850 Posts.
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    I doubt Sheritt Intl. would be a buyer. They are drowning in debt after they financed
    the Ambatovy nickel project in Madagascar.
    Nickel prices crashed after that and they have recently restructured
    their heavy debt load waiting for the nickel price to rise.

    http://www.theglobeandmail.com/repo...-in-debt-to-weather-downturn/article30216936/

    On the positive side,,the Cuban gas fields are nearing depletion meaning they may be looking
    at the neighboring (new) deposits to feed their power stations.

    http://s2.q4cdn.com/343762060/files...rt/2015/SHERRITT_ANNUAL_REPORT_2015_FINAL.pdf
    (page 51)

    Just my thoughts
 
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