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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 Oct 16, 2019 11:53pm
181 Views
Post# 30238827

RE:RE:RE:Chinese are hoarding nickel

RE:RE:RE:Chinese are hoarding nickelDear Mr. Stratocheif. Yes you are right. The market is usually right, that's why Sherritt is a penny stock. Nickel was well over $8 and the market didn't dare to touch Sherritt, thus 25cent share price. You can listen to retards like "collinswhitner" & his blow mule, bed buddy "KUNTrareon333" and lose 99percent of your money this far and all of it in weeks from now.... What people fail to realize is simple.....Sherritt is toxic. It's drowning in debt, they cant produce the cash flows to pay down debt because there big spenders, mgmt sucks dicks and basically there asset base is to small for the companies on going obligations even with the better commodity prices we have experienced during the past month. Sherritt can only survive at the moment if bondholders agree to extend the maturity date. Now looking at the current share price and bond prices it's safe to say the street has given up on Sherritt for the right reasons. First of all the assets are in Cuba which is probably the worst place to own anything at the moment so I can't see bondholders extending maturities in a company that put all of its eggs in one basket and Cuba is falling apart. Bondholders would be wise to squeeze Sherritt for everything they got and hopefully they get 15-20cents on the dollar which is better than nothing. Sherritt is filling for chapter11 or some form of ccaa protection very soon. Oil biz is done. Block10 is a disaster, ambatovy was suppose to be the saviour and that too was a joke. These guys got nothing
Bullboard Posts