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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

Comment by autofocus111on Nov 12, 2020 2:26pm
220 Views
Post# 31886404

RE:thanks again

RE:thanks againmiles44 Not sure why you would enter and then exit so quickly. This actually looks like a decent entry point. Unlike many nickel mining prospects, Sherritt is an established producer. If you are bullish on nickel and cobalt, S is a good speculative play on that (I have a smallish position in S.TO and a very large position in Russian nickel producer NILSY). For Sherritt pretty much all the bad news is done and over (except the virus of course). Coal gone, Ambatovy nickel venture gone, and now Oil exploration, all written off. Bondholders hit with a cut to further clean up the books. Now Trump is out so renormalization of relations with Cuba ahead and we have Biden's green push (along with the rest of the developed world). I'd say S is in probably the best position they've been in a long time (despite weak management) to profit if nickel (and cobalt) prices continue to recover. But hey, it's your money. Good luck in your other investing ventures.
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