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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
Comment by FederalReserveon Mar 28, 2018 10:02am
38 Views
Post# 27793644

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:CHAPTER 11?????

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:CHAPTER 11?????I passed grade 4 and I know how to add....I will give you guys more facts cause you guys are retarded!!! In 2014 nickel it over $10bucks it stayed well above $8buck for quite some time, even at these incredible spot price they managed to lose alot of money!!! Look into it!!! The difference between 2014 and 2018 is our cuban mine is the same, it needs fresh capital to replace some broken parts and a tad more expensive to operate due to rising input costs. Our Madasgar intrest has been slice down to 12% , we don't pay dividends anymore, our oil business is so meager now it not even worth talking about...in 2014 they were pumping 30,000 barrels a day , now 4000barrels/day...power/fertilizer were small then and pueny and same now! Back then we had 270mil shares outstanding now we got 400mil shares outstanding, lol ....why have we shrunk as a company but yet share count rise significantly.......answer is simple.....our poor cuban mine cannot produce enough cash to carry the rest of this company forwRd, there's to many broken pieces here, you cannot raise more new debt if you already up to your eyeballs in debt so you produce cash flow to survive by printing more shares! It's a vicious cycle and looking at the February share price since the last massive print, they guys cannot print that amount of money ever again. So next time they guys need money, the only way to get it, is through chapter11 and renegotiate with current bondholders!!!! That day is coming. You will all see after q1 losses that our balance sheet needs alot of work and $8nickel pricing won't fix it either....look at what our debentures are currently yielding...well into double digits(that tells anyone with a brain that even debt holders aren't sleeping at night) our peers are yielding 6%(not bad, there sleeping at night) were in big trouble. I know it, David pathe knows it(tried to fix it in February) but it wasent enough and after q1 release we and the courts will know it. It has to be done!
Bullboard Posts