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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 Albatrosson May 16, 2023 3:48pm
133 Views
Post# 35450992

RE:Nice to see we are finding buyers

RE:Nice to see we are finding buyers

Yup, everything else on my tracker was in the red today but not Sherritt. 

We just need nickel and cobalt prices to at least hold or improve. 

Personally where I'm at I'm a hold while I pay off debt which frees up room to deploy cash if the opportunity presents itself. I think these interest rates are sticking around for a few years. While my other investments pay the interest I still consider it a cost in holding S (no income on this so the hope is capital appreciation and or a dividend). If this supposed recession takes hold and S goes sub $0.40 again I might buy more.

I know it takes some speculation, Does anybody have any modelling around nickel price/cobalt price and when we could reasonably expect Sherritt to be debt free and able to pay a dividend? 2 years? 3 years?

 

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