Sherritt International Corp T.S

Value of assets held in Cuba

[CPA023]

Value of assets held in Cuba

At June 30, 2023

Assets held in Cuba

Cash                                                                        92.7 M
GNC receivable                                                     282.0
Accounts receivable from Moa Joint Venture          24.8
Investment in Moa Joint Venture                           668.9

Total assets                                                         1,078.4
 
Less: Energas payable                                            97.3                                       

Net assets held in Cuba                                        981.1 M

Total shares issued                                              397.3 M 
 
Value per share for assets held in Cuba             $2.469 

[YourFriendo]

This again shows a complete lack of understanding. Not all of the Moa JV assets are held in Cuba. The refinery in Fort Saskatchewan is in Canada. Finished cobalt and Nickel belong to the Bahamian entity.

[CPA023]

Just change the title from Cuban assets to Assets in entities in which Sherritt owns 50%

[YourFriendo]

Also doesn't work. Sherritt owns 100% of its cash in Cuba. Try again.

[CPA023]

If you net cash held in Cuba with the Energas payable, you will arrive at the same net assets held in entities owned 50% by Sherritt.