Sherritt International Corp T.S

RE: News Release

[thenorthvanman]

The never ending receivables saga. Hopefully the Biden era ushers in a period that is more prosperous for Cuba.

[ariesleaf]

Not much life left in the oil & gas sector dwindling. Time for a change here more Solar and wind power.

[thenorthvanman]

Cuba can't subsidize solar and wind that would be a terrible idea for Sherritt. The claims of low cost renewables are largely BS. The countries with the most expensive retail electricity are dominated by countries the deploy large amounts of solar and wind IE Denmark and Germany.

[rkhosla]

It doesn't say anything about the state of receivables as far as my quick scan - did I miss something????It also doesn't announce the earnings date which is a deviation from their norm.

[thenorthvanman]

"Operating costs for 2021 may vary if maintenance activities are impacted by the delays in the collection of receivables"

[oceaneleven]

Feb 10.............. Also I see today's update as positive...nothing in here that shocks LOL!! I like the fact that they set increased production limits...

[Contrarian333]

The Scotia analyst who has been and remains negative on the name issued a report saying the forward looking production guidance was disappointing - I believe that is the reason for the dip in the share price.  

[thenorthvanman]

Possibly, but the forward guidance is line line with any reasonable expectation. For myself, it seems to me that their Cuban partners continue to have liquidity problems and that is my guess for the sell off.

[Contrarian333]

The only "new" in the market is the Scotia report and so I think it is the culprit.........the analyst uses an Ni price of $7.75 in 2021 delining to $6.25 over the next four years - so of course at those price levels you are going to come up with a disappointing NAV, etc.

[oceaneleven]

what is disappointing is the fact that Carnival cruise lines just paused sailing til November...I think my cruise line is going to announce next and I won't be going to Europe in August :0( 

[thenorthvanman]

Certainly only the sellers know why they are selling. Production results and forward guidance also came out today though. Nothing really noteworthy in a positive or negative way other than what appears to be ongoing cash problems with Cuba. I wouldn't expect a single analysts view on future Ni prices to have much of an impact. To me it appears something in the news release spooked some people.

[DRYOASIS]

Not surprised to see scoptatia rating, very good timing when they're adjusting clients portfolis ;) Dec 31,2020 Ni $7.51/lb, Co $14.51/lb ....... today Ni $8.24, CO $17.96 thats about $63 mil more profit for 2021 alraedy. Where Ni and Co goes from here, its anyone's guess but from what I'm reading, it looks very promissing. The receivables are a % of profit that gets paid back, the

[thenorthvanman]

I'm simply playing devils advocate. Cuba has (as Sherritt repeatedly states) always made good on their debts. That said, they have owed this money for a long time and have made little headway on repayment. The news release will do little to assuage these concerns.