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Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

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 through hydrometallurgical processes. 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. 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 Company’s 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.


TSX:S - Post by User

Bullboard Posts
Post by Rbmacon Aug 01, 2013 2:06pm
552 Views
Post# 21644427

Earnings

EarningsNot surprised that they are losing money given the declines in the prices for metals, oil/coal.
They appear to have almost 4x coverage on cash flow (operations) for the dividend but I wouldn't be surpised to see a cut coming to it, as they need the cash for other things. Hopefully, cash balances will grow as capital expenditures decrease. 

This is really a long-term hold. Probably looking at 2 to 5 years to see a significant return.
Bullboard Posts