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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 Apr 29, 2019 3:24pm
439 Views
Post# 29684985

David Pathe is announcing more dilution tomorrow!!!

David Pathe is announcing more dilution tomorrow!!!The whisper # is 20cents at 400mil shares. For gross proceeds of $80mil to payoff 2021 bonds at 65-75cents to the dollar.....this would save approx $10mil/year on excess interest expense and at current cobalt environment, it would make break-even ebita for foreseeable future.... But now you got 800mil shares outstanding......and yes massive layoffs to keep cash burn low.... I say 10cent/share open tomorrow, how about you guys? And thoughts contarreon333?
Bullboard Posts