Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 FederalReserveon Aug 23, 2021 4:54pm
100 Views
Post# 33750023

RE:Hedge or not to hedge!

RE:Hedge or not to hedge!Hello **JoJorabbit11* a.k.a "playboy" you fell for the carrott once again & you were wrong. I know exactly what happened to that so called "hedge" b.s!!! It seems the only way people on this board express some opinions and inputs is to pretend you don't know or are a complete idiot. I'm tired and the rest of this board are all tired of listening how much money contrareon & playboy have made as Sherritt keeps losing money and share price sinks. Both of you are complete liars... That so called "hedge" proves only one thing that.....mgmt team has no vision, they don't understand the nickel/cobalt market, they too are not comfortable with Sherritts junky balance sheet & are walking on egg shells. The problem with this mgmt team is they are always doing something wrong. The nickel spot market was & continues to be strong, so putting any hedge now at $8.50 is wrong, even more so that Sherritt continues to lose money at $8.50. the only "hedge" or "insurance" that Sherritt should be doing is hedging on *input costs* because they are rising aswell and effecting the bottom line at $8.50nickels bottom line. possibly cutting the excess fat on management so they can achieve a profit at $8.50nickel...... as for 2018, the share count was 177mil shares, today it over 400mil... In 2018 with a lower share count they had the exact moa mine on the books with the same production, they were pumping over 20,000 barells/day. They had the same power biz, same fort sask refinery, madsagar ambotivy mine nightmare, they were loaded with debt(I think over $2bil) but the share price stayed for the most part over $1.00/share all year peaking through $1.70 all while nickel was trading in the $4-5.80 per pound range....the only time it sunk below a buck/share is when they did that stupid reorganization debt swap stupidity and thendillution occured and the stock sunk below a buck and has remained under a buck since then. I really believe $10 nickelmus not enough to see Sherritt over a buck in my opinion. Today Sherritt is alot smaller, less debt, no oil, no ambatovy nightmare, $8.50 nickel and the last time this stock has seen $1 was in 2018..... Contrareon was totally wrong as classifying Sherritt as a "toque option" or whatever that dumb dumb donkey are caca cowboy called it for higher nickel prices....... As why the share price keeps sinking is pretty simple......managers are always wrong for example "hedging the wrong thing" it's a Cuba play, also Sherritt will go to zero if nickel prices drop below $6 again and it will!!! Commodities always fluctuate for various reasons. Of moa gets into any sort of trouble for whatever reason, Sherritt is toast it only has a small pueny asset called moa, everything else is nothing!!!!Also if nickel stays in this $8.50-$10 range Sherritt is obviously not were it's at, there are so many other plays that Sherritt cannot compete with..... The stock is at 39cents today.....ok I'm going to make another bold prediction.. I say Sherritt will see 29cents before it sees 49cents
<< Previous
Bullboard Posts
Next >>