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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 Oaxacanon Nov 04, 2022 8:20am
106 Views
Post# 35072318

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:John David’s question

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:John David’s questionI largely agree with your conclusions and would like to remind everyone that Sherritt's First Modified Dutch Auction to purchase secured notes and Fixed Price Tender to purchase junior notes back in late May did not result in the company spending the full $50 miliion. The positive news on the receivables deal along with the reported build-up in workng capital at Moa level  leads me to suspect this latest attempt to re-purchase notes at a oiscount willl be even less successful than the first. The low hanging fruit ,may well have been picked. I did nit tender a single bond to the first tender offer and am not inclined to particupate in this opportunity either. 

https://www.sherritt.com/English/Investor-Relations/News-Releases/News-Release-Details/2022/Sherritt-Announces-Results-of-Modified-Dutch-Auction-to-Purchase-Secured-Notes-and-Fixed-Price-Tender-Offer-to-Purchase-Junior-Notes/default.aspx







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