posted June 25, 2022 01:56 pm by rkhosla
(376)
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
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posted June 25, 2022 01:42 pm by rkhosla
(376)
https://www.cnbc.com/video/2022/06/08/lme-squeeze-first-innings-of-nickel-super-cycle-canada-nickel-ceo.html
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posted June 25, 2022 01:33 pm by rkhosla
(376)
https://news.mongabay.com/2022/06/all-eyes-on-tesla-as-it-invests-in-a-troubled-nickel-mine/amp/
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posted June 25, 2022 01:29 pm by rkhosla
(376)
As is typical, despite this being Canadian, nary a mention of Sherritt https://www.cbc.ca/amp/1.6500497
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posted June 24, 2022 07:03 pm by rkhosla
(376)
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
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posted June 24, 2022 10:19 am by Maxmoe
(1497)
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
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posted June 24, 2022 09:08 am by Contrarian333
(425)
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
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posted June 24, 2022 07:58 am by Maxmoe
(1497)
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
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posted June 23, 2022 11:16 pm by Albatross
(140)
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
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posted June 23, 2022 09:58 pm by rkhosla
(376)
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
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posted June 23, 2022 08:53 pm by rkhosla
(376)
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.
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posted June 23, 2022 06:52 pm by Contrarian333
(425)
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
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posted June 23, 2022 05:23 pm by Stratocheif
(173)
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"
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posted June 23, 2022 11:52 am by YourFriendo
(62)
This is true. Cubans have a very high incentive to get cash out of the JV, not horde it.
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posted June 23, 2022 09:41 am by Contrarian333
(425)
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
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posted June 22, 2022 11:24 pm by rkhosla
(376)
$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
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posted June 22, 2022 10:00 pm by Ernieandbert
(115)
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
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posted June 22, 2022 07:21 pm by rkhosla
(376)
"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
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posted June 22, 2022 07:18 pm by rkhosla
(376)
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
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posted June 22, 2022 06:33 pm by Contrarian333
(425)
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
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