Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Feb 08, 2019 12:04am
80 Views
Post# 29336191

RE:RE:Risk VS reward Fed X is well connected to S

RE:RE:Risk VS reward Fed X is well connected to S You could be right "ROCK" sherritt could go down to a dime or to zippo, all I know they need to sack Andrew/pathe and the rest of them.....since pathe took over the crown at sherritt in 2012, its stock price has dropped over 90percent, & he is still in charge, lol !!!!!! What a joke.... I don't know what else to say, even higher nickel prices isn't doing squat here!!!!!! In my honest educated opinion from the nickel business only standpoint ........when you factor in all obligations from its fair share side of nickel biz incl yearly capex/tailings/moa & ambatovy cut of interest expenses of there share of total debt/percentage of corporate expenditure incl salaries of its fair share of its yearly totals.....basically what I'm trying to say is if sherritt would spinoff it's moa/madasgar biz into a seperatetely traded company on the tsx, then the true nickel break even price would be $7.00 per pound the way sherritt spends money. But as of today nickel is fetching $5.83 so a clear loss....And since cobalt continues to stink, the credits from cobalt won't be there pushing breakeven even higher....guys like contrarian333 should break down sherritt's business seperatetely operational and see how they would compete out there.....for sherritt when you factor in tailings, $10mil to ambatovy, $75mil in capex and it's cut in interest expenses plus cost to get nickel out of the ground it's a very costly producer. You have to remember sherritt only produces about 50mil pound of nickel annually. In my opinion after paying all obligations, sheritt is under water.... They need $8+++ nickel(good luck) or a huge block10 blockbuster hit(hail Mary) to make money here......it's a big gamble, good luck. Usually gambling is a suckers bet....but I must say, they are still holding onto block10 for dear life, there must be a real valid reason or positive signs why they are still putting effort there??? Who knows , pathe is a bird anyway. Hard to.tell what the heck is really going on here & that my friend is a big problem in the stock market. Nobody likes uncertainty and uncertainty is sherritt's middle name
Bullboard Posts