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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 Dec 10, 2018 10:04pm
123 Views
Post# 29094991

CHAPTER 11 ANYONE ????

CHAPTER 11 ANYONE ????Down another 10percent? Why? Commodity prices only down a smidge, what gives ?...? ??,................................. May I......................... For starters we do have a mountain of debt $700mil, lol for a small mickey mouse company, we only have $200mil in the bank, pretty much meaningless when your up to your eye balls in debt. All of our main assets are in Cuba, in the smart investing world Cuba is equivilant to throwing money in Afghanistan or Baghdad, you will never get anywhere to true value for your assets, lucky if you can fish in a buyer at all. We also have a mind boggling 400mil shares printed and floating all over the place. It should be totally obvious to even the dumbest of all investors that there is zero confidance in pathe & his team of idiots, so why are they still here????????? I said it once and I will say it again..........sherritt is on life support. The minning sector looks pretty dead now, and for a company drowning in debt and sinking as we speak, the negative drought can't last to long, unfortunately this one looks to be more long then short which basically means sherritt won't make it........if I was in charge I would defently pray and take a huge chance. With all of sherritts debt and woes, you can't sit there and do nothing, you can't afford to. Just look at our 1 month stock chart, lol......... I would blow the $200mil. I would by 5percent of company stock = $9mil. I would buy and force upper mgmt to buy alot of shares. We would have $190mil left after buy backs, after Jan 1 I would repeat again....now $180mil in the bank.......with $180mil in the bank you can easily buy another business, another mine or diversify you asset base. I would wait and see how the market reacts to the double rounds of share buybacks, and see if the minning market is going. If the mood is still bad I would blow $180mil and buy a potential gold producer like royal nickel, possibly something else(alot of names) or at this point if the share buybacks stick, we would have 360mil shares outstanding vs $180mil in cash... Write a dividend check for 50cents per share for every share outstanding, make sure every shareholder cashes there check and then bankruptcy. At least you get 50cents per share
Bullboard Posts