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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 JoJoRabbit11on Apr 06, 2020 9:09pm
177 Views
Post# 30885169

RE:Hey Contrarian

RE:Hey ContrarianIt would be unusual but in this upside down world anything is possible.  The "no" votes peviously claimed to have the support of $264m of noteholders but as of Friday only about $114m "no" votes were recorded.  Today they claim that two large holders votes were not yet reported by their custodians to the Company.  This implies two holders of an approximate aggregate $150m in bonds.  To the best of my knowledge there were no longer any holders with this kind of size.  So something doesn't quite add up but we shall see shortly.  Incremental "no" votes of $150m without any further "yes" votes would defeat the proposal - if they in fact exist.  Hard to know what today's battling press releases will do in terms of turning votes one way or the other.  I guess stay tuned.    
Bullboard Posts