Sherritt International Corp T.S

Buzz on the Bullboards: Stocks to watch as TSX soars amid Mideast tensions

[rkhosla]

One month ago they said they were happy with $15-$16k range. They are fighting very hard to make sure it doesn't go over $18k which is a bit of a technical level on the 6-12 month charts....  

[rkhosla]

it has jumped around by $800 as high as 18,300 and as low as 17,500.  I suppose it is inevitable it takes a pause. It rose $3000 and two weeks.

[Jonathon Brown]

The TSX reached a new high, reflecting investor optimism. However, the market stepped back as tensions in the Middle East intensified. read article.

[rkhosla]

https://ambatovy.com/en/pipeline-incident-27th-september-2024-0400pm/

[rkhosla]

Ambatovy slurry pipeline out of comission... this will take production offline.  Omg glad we are out of this project.   https://www.mining.com/web/madagascars-nickel-and-cobalt-miner

[rkhosla]

Not sure where it goes from here....

[rkhosla]

I don't follow this space. Contrarian does. But here is something: https://www.reuters.com/markets/commodities/nickel-miner-wyloo-sell-its-low-carbon-metal-platform-metalshub-2024-10-01/

[Albatross]

Could be an opportunity, albeit a risky one... nobody has to be interested.. if the company starts returning cash to investors then we will see it. That's a big IF 

[llesage]

There are no investors interested in this company anymore. The price of nickel is rising and Sherritt is still falling!

[rkhosla]

https://steelnews.biz/nickel-shortage-largest-producer-cuts-production/

[Sanguinity]

"...Gemmingen-Hornberg started his journey with his Model S way back in 2014...currently on its fourth battery and its 13th electric motor" Whoa.  More than one new electric motor

[Sanguinity]

China announced new stimulus for their economy that's been in a slump all year.  Could be good for nickel consumption going forward perhaps.

[downwithdotcom1]

Ni and Co prices have been slaughtered by a certain Asian Superpower having obtained controlling interests in mines/concentrators often with no regard for safety and the environment (worst has to be

[rkhosla]

Ni up more than $500 today - is this why? https://www.mining.com/web/tsingshan-cuts-indonesian-nickel-output-due-to-tight-ore-supplies/

[rkhosla]

https://steelnews.biz/asian-nickel-prices-rise-significantly-on-monday/

[rkhosla]

It appears to be an in-house piece as far as i can tell - not bloomberg or reuters who both ran similar:  https://www.theglobeandmail.com/business/article-indonesia-sulawesi-nickel-electric