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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 Oct 17, 2019 4:41pm
230 Views
Post# 30241654

Contraeon333 sucks my hairy DIKC!!!

Contraeon333 sucks my hairy DIKC!!!Yes I have been predicting "bankruptcy" for well over a year, actually I said "bankruptcy" when Sherritt was flipping for $1.50/share. Since my *Bold* statements the stock is pretty much bankrupt, since you poor cokcsuking shareholders are down 90percent which in the business world means bankrupt!!! Should of dumped this bankruptcy prone organization a long time ago & deploy that capital in a real company....not sure what bankruptcy protection is labelled as in Canada, but chapter 7/8/9/10/11/12/13 or ccaa or whatever number it means your money is whipped, and whatever you hold is toilet paper. And even though nickel prices are hovering at $8 it did jacksquat to its share price which is the biggest warning sign for disaster!!! I remember when the faghit contraeon333 was promoting that "Sherritt is like a call option to higher nickel prices because of its clean and pure exposure & it's sole leverage in the nickel market" well when you made that b.s statement nickel was trading for the mid $4's to low $5 range . The nickel prices have skyrocket to above $8s a week ago, so why is the stock down to a quarter and still in a coma? Why is there no interest in Sherritt? Why was Sherritt at 1.85/share 2years ago when nickel was selling for under $6bucks? I know why because Sherritt blows .... It's depleted all its energy in lost causes such as ambatovy and block10 to name a few! They gambled the company away on useless bets that today have zero value! They also shrunk there asset base significantly to bring it's debt load to a more realistic. Level.but ironically the current debt level is still unmanageable due to its meager asset base. $8 nickel will not save this company, just look at its share price today!!! Either will $9 or $10. There accounts receivable hopes continue to be even more doubtful will every passing day with the deteroiting issues playing out in Cuba on a daily deteroiting basis. Smart money has given up on Sherritt, it's accounts receivables and mgmt and so should all of you.... Sherritt obligations are far to great for its small asset base. The upcoming bondholders expirary date will be reality. Pathe knows this and so does Bay st... Bondholders will get whatever they can get at this point, Cuba and Sherritt is not the place to be. It's only a matter of time when pathe will broadcast a news release highlighting some sort of "strategic alternatives" or some massive dilution of shares to be flipped to bondholders for 99.9 percent of sheerrits equity or the death to Sherritt intl ... Whatever mgmt does to tackle the instability in the corporation it ultimately means more deteroition of your hard earned money invested in this joke of a company
Bullboard Posts