Sherritt International Corp T.S

Alternate Symbol(s): SHERF

Metals & Mining Industrial Metals & Minerals

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.

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Sherritt International Corp > Cobalt up, Ni up, fertilizer up, Sherritt down

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Comment by mas7575on Feb 22, 2022 2:40pm

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Post# 34451196

RE:RE:RE:Cobalt up, Ni up, fertilizer up, Sherritt down

I agree as well, although a big part of the problem is likely the inconsistent/unreliable nature of payments from Cuba (stating the obvious, I know). At current prices, it wouldn't take much longer to firm up S's balance sheet. But only if they receive payment of $ owed.

JMO: Under current US sanctions, it is extremely difficult for the Cuban government to pay in currencies other than their own. A mountain of Cuban pesos doesn't do much good for S. maybe S should negotiate a new framework under which they can collect more of the AP owing?

Thoughts?
mas75

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