Sherritt International Corp T.S

When expectations seem lowest...

[rkhosla]

...it is possible (yet agreed not probable) that Sherritt surprises to the upside.  My general impression is they have essentially written off 2021 and will engineer better results for 2022.  Alas we will find out tomorrow after market.  I expect they will continue to move the goalposts down the line to this ever delayed target of profitability...

[Snacktime]

I'm no accountant, but for tax purposes are they avoiding showing any profitability?

[mas7575]

Focus on cash flow. If they are cash flow positive, I will consider it a good sign. There is an acceptable range for reporting profits, recognizing revenues and expenses, etc, so profits can be "managed" to a degree in the short term. This includes write-offs from previous lost initiatives/mines... however, positive cash flow over an extended period is a good indicator of profitability

[Contrarian333]

It is correct that cash flow and not earnings is the driver of future success.  It is cash that will be used for expansion, for any debt retirement, and for any future share buybacks. As I had previously posted earnings can be impacted by non cash considerations.  One of the biggest remaining is non cash compensation which arises from the treatment of primarily DSU's issued when the

[jwrent]

YES! They have millions and millions stashed away.