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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

Post by rkhoslaon Feb 19, 2021 10:11am
108 Views
Post# 32608621

I know we don’t normally hedge...

I know we don’t normally hedge...But perhaps they should consider buying a few more puts and establish a floor of $8 for our Ni sales....  Ni is going up for sure, but doing so so fast might mean volitility amd declines first.  That was their logic with their previous hedge - they saw Ni rise so dramatically from a $5 handle into the $7's at the end of the summer/early fall that they wanted some insurance.  I'm all for upside exposure but another $10mil spent on some more insurance at a profitable $8 not a horrible idea
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