Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Sherritt International Corporation T.S

Alternate Symbol(s):  SHERF

Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and North America. Its segment includes Moa JV and Fort site, Metals Other, Power, and Technologies and Corporate. The Moa JV and Fort site segment includes the mining, processing, and refining of nickel and cobalt. Metals Other segment is comprised of buying, marketing and selling certain of Moa Joint Venture's nickel and cobalt production. Its Power segment constructs and operates an electricity generating plant whereas The Technologies and Corporate segment consist of the metallurgical technology business and general corporate activities. It generates maximum revenue from the Moa JV and Fort site segment.

The Market Herald Price Sensitive
{{currentVideo.title}} {{currentVideo.relativeTime}}
{{currentVideo.storiesTitle}}:
{{story.companySymbol}}
{{story.companySymbol}} {{story.headline}}
< Previous bulletin
Next bulletin >
View modes: 

Reuters June 22 Cuba Blackouts - lack of fuel and equipment

https://www.reuters.com/world/americas/cubans-sweat-dark-government-scrambles-end-blackouts-2022-06-22/ "(the) government, already pressured by food, fuel and medicine shortages, is scrambling...read more

'First Inning' of Ni Super cycle - CNBC CEO Canada Ni

https://www.cnbc.com/video/2022/06/08/lme-squeeze-first-innings-of-nickel-super-cycle-canada-nickel-ceo.html  rate and reply

Tesla HPAL Goro challenges

https://news.mongabay.com/2022/06/all-eyes-on-tesla-as-it-invests-in-a-troubled-nickel-mine/amp/  rate and reply

Good read/listen - Greening of Ni Mining June 25

As is typical, despite this being Canadian, nary a mention of Sherritt https://www.cbc.ca/amp/1.6500497  rate and reply

Question

To those on this board smarter than I (and apparently there are many ;)) Do the PSU/DSU/RSUs get marked down on the books as the SP falls? ie do we expect the with Q2 results for that $26mil liability...read more
@ the Bell: Energy & mining recover to lift TSX
Following a nasty session in the red, Canada’s main stock index rose more than 300 points in Friday trading. Gains were led by the energy and base metal sectors.After two brutal weeks brought... read article.

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Let them eat cake?

Classic statement from the dead wrong "you're not seeing forest" aka you don't understand, when in fact it's you that doesn't get it. So yeah, no need to go away angry, but...read more

RE:RE:RE:RE:RE:RE:RE:RE:RE:Let them eat cake?

The evidence does not support your conclusion around the Cubans motivation.  The JV has slowed down the expansion plan due to uncertainty around costs. No one is debating that Sherritt's JV...read more
The Cannabis Report: June 24, 2022
Nextleaf to launch THC-O as an excise tax-free alternative to Delta-9-THC Nextleaf Solutions (OILS) has provided an update on the manufacturing of D9-tetrahydrocannabinol acetate,... read article.

Diworsified

So I bought two small cap nickel stocks on the same day a few months ago to reduce issuer risk. To diversify in theory. They were by coincidence within 1 cent if each other. Today, a couple months...read more

Closing out June under eleven

Should be a decent quarter although they did have their yearly refinery outage this June so that will impact finished product numbers.  The remainder of the year is looking dicey with a...read more

RE:RE:RE:RE:RE:RE:RE:Let them eat cake?

I would actually disagree that the Cubans are incentivized to get the cash out of the JV. Because we have the receivable agreement. And any dividend declared by the partners over a certain threshold...read more

RE:RE:RE:RE:RE:RE:RE:RE:Let them eat cake?

You're not seeing the forest for the trees here.  We have only ever had one partner in Cuba. Even when we were into telecom and hotels and whatever else Sherritt was into in the past in Cuba....read more

RE:RE:RE:RE:RE:RE:RE:Let them eat cake?

Overdue receivables have to do with the former oil and gas business and the small power business where Sherritt is paid by the Cubans.  Not the nickel business where the cash flows as I have...read more

RE:RE:RE:RE:RE:RE:Let them eat cake?

Since you've done such good work researching the accounting structure ot this company maybe you can shed some light on how it is that sherritt is constantly trying to collect "overdue"...read more

RE:RE:RE:RE:RE:RE:Let them eat cake?

This is true. Cubans have a very high incentive to get cash out of the JV, not horde it.  rate and reply

RE:RE:RE:RE:RE:Let them eat cake?

Your logic is flawed Rhkosla.  Cash is collected in the jointly owned Bahamian Company International Cobalt.  The Board of ICC is composed of 3 representatives from Sherritt and 3...read more
Buzz on the Bullboards: Another summer of uncertainty?
In times of uncertainty in the markets, investors tend to focus on more consistent plays.Not all investors are basking in summer vacations and backyard barbeques. For those who are still plugged... read article.

RE:RE:RE:RE:Let them eat cake?

$153.5 mil usd = hoarding our cash.  And please don't tell me this is a different corp entity / arrangement.  When in business in Cuba there is only one possible partner - and that is...read more

RE:RE:RE:Let them eat cake?

Rhkosla, if you think for a minute "Cuba is hoarding our cash", you should read the terms of the senior secured bond indenture with regards to minimum liquidity as it relates to a test for...read more

RE:Sherritt Shelf Prospectus Makes for Interesting Reading!

"future rainy day".  lol, right now it must be just a light 'drizzle'.  interesting indeed. Which is why the bond holders have suffered haircuts each and every...read more

RE:RE:Let them eat cake?

Just providing facts, man.  Cuba is at a point where it cannot provide the staples: bread, milk, etc.  This is relevant because as I've been saying for quite some time, our "JV...read more

Sherritt Shelf Prospectus Makes for Interesting Reading!

The Sherritt shelf prospectus is an interesting read, especially the following paragraph: The Shareholders Agreement prohibits the transfer of shares of any JV Corporation, subject to limited...read more