Sherritt International Corp T.S

Price plummets... Stock Rises

[suomynona]

The LME ain't the only manipulators 'round town.

[Nickbull]

Haha the price has not plummeted . It's still $15.60 which is well above $11.00 were it was at a few weeks ago and it started the year around $10.00. Don't be surprised if the price goes back to $8.00 or $9.00.Stop gas lighting cheers

[Ernieandbert]

LME Ni closed at $41,945/MT which is U$19.02/LB which is C$24.16 which is likely double what they averaged in the 1Q22.  I don't think there is ever an reason fro this stock to go up or down.  Surely not Fundamentals! 

[Ernieandbert]

And btw, Cobalt is still at U$82,000/MT and Fertilizer is on fire.  Both of these will have huge impact on NDCC and overwhelm any rise in sulphur and diesel.   Don't forget, S does not sell Ni on the LME..they sell to commercial buyers directly.  That price is negotiated and has price escalation clauses embedded in the contract.  Same with Cobalt and Fertilizer. 

[SilenceDogood1]

These comments echo those made by Contrarian333 on this Board months ago.  In fact, I believe he even published how he was calculating free cash flow at the time and showed it at different nickel price levels.  While he didn't propose a target price, you could simply apply a reasonable multiple and arrive at a $6-8 share price without to much trouble. Dog