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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 Jun 10, 2018 12:42pm
118 Views
Post# 28151614

RE:RE:RE:RE:RE:RE:RE:RE:Significant mining announcement coming Monday

RE:RE:RE:RE:RE:RE:RE:RE:Significant mining announcement coming MondayFor starters......Vale is making money now!!!! Unlike Sherritt :+(. Vale will continue to make even more money with Voisey bay project. Sherritt is a low cost producer but when you factor in all associated costs its not making any money at $6.30 nickel, just look at last quarter's financial statements. Plus last quarter there nickel minning business losses was offset by profitable oil, power, fertilizer operation. I don't think $7nickel will produce profits either :+( When you incl intrest expense, bloated front office and salaries, repairing & buying new equipment for an old mine plus this "tailings" talk that I'm still assessing, costs go up significantly to produce a pound of nickel. The only reason why Sherritt has a chance to get out of their financial hole that they have been burying themselves in for the past decade is because they produce a nice chunk of cobalt & cobalt is on fire now. If the fire cools of, then you will see the nickel part of the mine is useless, unless as I noted before, they need $10lb nickel pricing to profit. Its because of their value added cobalt share that costs are offset by a large margin....I still hold Sherritt, but only because I bought them at absolute rock bottom prices. I'm not adding to my position and have no urge to do so, yes I'm cautious and my finger isn't to far from the "dump" button!!!!!!!! Cobalt prices closed below $40 this week, actually $38.10, so yes if cobalt continues to weaken it affect Sherritt in a very big way. My honest opinion is.........I like to see a growth story. Moa is mature possibly shrinking, ambatovy(no comment, it sucks) the bitumen technology dosent do it for me sorry......I guess I'm hopping for a big block 10hit :+) it would be nice to produce significant amount of oil in Cuba once again. But even a big hit would take a year or so to get it producing. But atleast there is something positive to focus on. I really think we need mgmt shakedown, its getting pretty stale there in Toronto, we need new ideas and fresh minds. The stock is dead and baystreeters have lost confidance in pathe and company!!!!! Go Sherritt go!!!! Oh for Collinswhitner, the rat population in NYC is over 2million and growing. I saw a nice fat one Friday night in lower Manhattan. It kind of reassembled what your ugly fat wife would look like. Fat, hairy, ugly, full of fleas, scared, and has whiskers. How is you fat piece of $hit of a wife doing this morning? Is she awake? I hope she can atleast suck a good one? Collins your a fukcing joke, a liar, I don't believe any of your bloated investment strategies for one second. I don't care about your canary islands warehouse, your private boats and jest, your 40,000 tonnes of hoarded nickel and defently not intrested in breeding your maggot of a wife. I won't mind taking BbdTrainster wife for a hot session though! Hello BbdTrainster, have a nice Sunday buddie!!!!
Bullboard Posts