Sherritt International Corp T.S

Buzz on the Bullboards: Volatility persists in the face of economic indicators

[Stratocheif]

If a company consistently shows a loss quarter after quarter, year after year, this is not a healthy company. The accounting profession takes into account all activities with the objective of showing

[Contrarian333]

I think what he is trying to explain to you is that accrual accounting can make for distortions on the profit/loss (earnings) statement particularly in the short term and make for misleading

[rkhosla]

On indonesia and broader Ni market: https://www.mining.com/web/column-lme-brand-approval-cements-indonesian-nickel-ascendancy/  

[rkhosla]

Profit / loss might be irrelevant to you and some investors; but it is highly relevant to me, the market as a whole, and quite a few other investors...

[rkhosla]

It is supposed to decrease ore transport cost, increase ore grade, increase ore availability. Let's see. So it should be both a driver down of NDCC and a driver up of output of mixed sulphides

[Ernieandbert]

Rkolsa- profit/loss is irrelevant.  FCF is what matters.  Maybe just comment on worthy news, which you do an excellent job at? Albatross - FCF is net of all capital expenditures incluidng

[Albatross]

Thanks for commenting. So we are close to where we need to be but the spending on expansion and general operation expenses will eat it up. Any idea how much the slurry prep thing they built at Moa

[rkhosla]

I agree with you. I'm talking cash profit/loss.  I don't think they're going to be in a position to pay off debt regardless.

[rkhosla]

Due to rain and delays in permits.  Output dropping - costs rising.  Very thorough article:   https://kitco.com/news/off-the-wire/2024-05-29/indonesia-buying-record-amounts-philippine

[Jonathon Brown]

Canada’s main stock index struggled and the NASDAQ hit a high, demonstrating a continued appetite for tech stocks amidst market volatility. read article.

[Ernieandbert]

Really?  I would like to know how you are modelling their FCF at this NDCC, production sold and current Ni price?  I have them FCF positive.  

[rkhosla]

No.  Even if they achieve their NDCC targets, I calculate these basically to be breakeven prices.

[Albatross]

Not holding my breath but can we start paying back debt at these nickel prices with cobalt at all time lows?

[Sanguinity]

>....never get attached to any stock My greatest failing when it comes to investing.

[Contrarian333]

same

[SilenceDogood1]

I bought shares and submitted them to the offer. Great arbitrage trade. They got approx 19m shares of which they submitted the approx 9m that they already owned.