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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 May 31, 2018 11:24am
53 Views
Post# 28105498

RE:RE:RE:RE:SHERRITT & CHAPTER 11 CONNECTION !!!

RE:RE:RE:RE:SHERRITT & CHAPTER 11 CONNECTION !!!The way nickel spot prices continues to spot higher, same with cobalt & yesterday sherritts "investor day parade" judging by our lack of intrest in our shares, actually they are down now currently, lol!!!! It shows baystreeters clearly are staying clear of Shertitt, they don't care if nickel goes to $10, cause Sherritt will lag it peers, I still think longterm $10 nickel, Sherritt is still not break even. If you add up rising operating costs, capex expenditures, depreciate them 20percent per year, add in lavish office+bloated salaries, possibly tailings legacy cost, yourfriendo keeps bringing up. Add-in a buffer juicy buffer for ambatovy, since there's always operational hiccups there...plus its now clear moa production is in decline, ambatovy clearly sucks....simple math....gross rev divide by all projected exp incl depreciation costs gives you cost per pound.....Shertitt on paper is a cheap producer but when you add in future capex costs to keep there operations going its clearly one of the highest cost producers. Baystreeters know all of this which explains why the stock dosent move in tandem with their core commodity prices, the dilution was the cherry on top, its clear now diluted the stock to pay bills was a dumb move, only BbdTrainster & contratian333 still support that dumb move. $1.17 per share while nickel is set to boom is a huge warning of disaster, there will be alot of future new and legacy cost coming on stream for sherritt, they will burry the company whole, cash flows will be diminished and I guess they can further dilute weakened shareholders like BBDTRAINSTER'S and contrarian 333 but the next round won't be a lucrative, it won't last that long and finally Ch.11........mgmt keeps boasting debt reduction, I guess another $10mil? Who cares, judging by the share price, nobody cares!!!!!
Bullboard Posts