Sherritt International Corp T.S

Alternate Symbol(s): SHERF

Metals & Mining Industrial Metals & Minerals

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world to improve environmental performance. It is also the independent energy producer in Cuba. The Company offers a range of products including Nickel, Cobalt, Fertilizers and Other Products. The Nickel products category includes standard grade, steel grade, and nickel powders. The Cobalt products category includes cobalt briquettes and cobalt powders. The Fertilizers product category includes anhydrous ammonia, granular ammonium sulfate, crystalline ammonium sulfate-super salt, and crystalline ammonium sulfate-standard grade. The Other products category includes sulfuric acid, zinc sulfide, and copper sulfide.

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Sherritt International Corp > Let them eat cake?

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Comment by rkhoslaon Jun 23, 2022 9:58pm

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Post# 34779122

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 is diverted to Sherritt. Both shares. Their share and our share. So presently they have a disinsentive frankly to agree to a divy. Whereas it is highly in their interest for the JV to continue spending on capital/expansion. Do you disagree with this last point? Why declare a divy and simply see your share diverted up to Canada when you can invest in a hard assett in your home country?