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Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world to improve environmental performance. It is also the independent energy producer in Cuba. The Company offers a range of products including Nickel, Cobalt, Fertilizers and Other Products. The Nickel products category includes standard grade, steel grade, and nickel powders. The Cobalt products category includes cobalt briquettes and cobalt powders. The Fertilizers product category includes anhydrous ammonia, granular ammonium sulfate, crystalline ammonium sulfate-super salt, and crystalline ammonium sulfate-standard grade. The Other products category includes sulfuric acid, zinc sulfide, and copper sulfide.


TSX:S - Post by User

Bullboard Posts
Post by FederalReserveon Feb 01, 2018 4:29pm
124 Views
Post# 27483688

THE "FED" TALKS BIZ WITH I.R DEPT TODAY!!!!!

THE "FED" TALKS BIZ WITH I.R DEPT TODAY!!!!!I called MR.Racanelli (Investor, relations dept) spoke to him thoroughly, I got some Facts straight and he didn't confirm q4 release date, but it's coming up this month, stay tuned. I blasted my concerns about this "unit financing" but once again Mr.R stated facts that demand for these"units" was alot stronger than anticipated , and in fact they raised more money than there original forecasts! Alot of investors believe in Sherritt and believe in this bull market of cobalt and nickel commodities. I asked him why now? Why not use our bank cash and once again mgmt thought timing was right, price was fair and there was good appetite in the market for this story. Also our cash bank deposits took a hit during this Madasgar debt settlement arrangement & we had to pay some bills to finally finalize this elephant! Supposedly our balance sheet will look more presentable to wall st now, we are eliminating alot of uncertainties that have been plaguing us for years and yes we replenished our strong cash balances even after the Madasgar negotiations drain!!!!! Stay tuned for q4 reports, hopefully we regain alot of respect and confidence from wall/bay Streeters, because that what our mgmt is trying to achieve here and why this financing was initiated two weeks ago. I hope Sherritt regains some much needed respect. With nickel spotting of the charts, our balance sheet finally addressing and fixing issues and concerns , this darn thing looks dirt cheap, I don't know how with nickel over $6.30+ and $7 around the corner how this stock only went up 2cents today? This Sherritt is a bargain.....bye bye
Bullboard Posts