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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.


TSX:S - Post by User

Sherritt International Corp > Nice trades on the PIK Notes, if they are legit
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Comment by mas7575on Dec 30, 2022 1:18pm
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Post# 35197309

RE:RE:RE:RE:RE:RE:Nice trades on the PIK Notes, if they are legit

RE:RE:RE:RE:RE:RE:Nice trades on the PIK Notes, if they are legit

Might be getting ahead of myself, but the company could start buying back stock once the LT debt/bonds have been taken care of.

With the current mgmt team's reduced risk tolerance, I don't see any major expansions or business diversification happening any time soon aside from the modest expansion and efficiency initiatives currently underway. So as long as NI spot remains strong, mgmt will need to find a use for the CF. Buying back stock would put upward pressure on SP and IMO be positively received by the market, unlike a typical reverse split. Just requires a bit more patience to see results...

JMHO,
mas75

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