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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 Apr 14, 2018 12:55pm
175 Views
Post# 27885238

RE:RE:RE:RE:Coordinated rush

RE:RE:RE:RE:Coordinated rush *Kevmax* I'm here the same reason you are....to voice and express my opinion, to gather other point of views for specific companies, hopefully learn a thing or too!!! I invest, and to be totally honest I still hold shares in this decrepted company, I'm making money but I'm not putting a new money to this name as you can see I'm not happy with them at all....since I invest and not going to gamble with wall st, like most of you on here ....Im going to either sell the rest of my holdings on the day of earnings before actual release, the day before or if we get a nice bump, I will dump!!! Reason is once again, I don't need to gamble with my real money, I don't need to pray for a hail Mary for this dog to produce real earnings so I can profit, I'm not desperate and I won't be the one complaining when most likely the hail Mary prayers dont come through and this stock gets crushed and will be in penny stock status during a huge nickel cycle boom(no thanks) , everyone loses then!!!! To be honest, I see more loses, I think this massive dilution finally puts the nail in the coffin and foreshadows are state of finances aren't as good as most of you think they are. Mgmt has *hinted* on higher input costs, they highered more expensive upper mgmt personal, they did state allot of capital going Frwd will be allocated to revamp our aging equip and operations(to bad, if it was newer this capital could of been dividents for "us") and this Madasgar project is becoming a real nightmare. Also our oil biz won't be providing juicy cashflows cause that business to is under severe pressure....that's why I'm going to dump, I don't see 100 hail Mary's saving this company. If earnings disappoint(as always) its over. Penny status & huge losses! I can't see any human with a brain investing in any nickel play who cannot produce a descent profit at ,$6nickel and ,$35cobalt..........its to bad I have to settle for small profits esp since I was expecting alot more, but I don't see the appetite to be greedy with these guys. I will take my small profits and move on from this darn thing into a better name since I do believe nickel prices will firm up and i won't get full potential in Sherritt!!! Were at $1.17 now and $6.33 nickel spot. Two years ago this stock was the same price but nickel was only $4.50 and Cobalt at $20 ????? Theres problems In this name and these problems haven't or been addressed, in which problems will be worse......can one of you posters please tell me where our future growth will come from because moa is at capacity and aging and Madasgar is a dud? Can one of you posters tell me how our small asset base(mainly moa 50 percent stake) can provide enough free cashflows to pay $54mil/year intrests costs, provide enough cash to do a complete overhaul at moa to refurbish our aging mine there, provide enough cash to bail out our Madasgar disaster who very soon will be crying for much more money! Will these clowns ever give us dividents? How is moa paying for our lavish office space and bloated salaries, bonuses and head count ? When time comes will we either be successfully in paying our $700mil debt or re-flipped it again and if we "re-flipped" the debt what will be our new intrest rates? Will it be alot higher ???? Can someone please answer some of my points, thanks
Bullboard Posts