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 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.

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Sherritt International Corp

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Comment by YourFriendoon Mar 27, 2018 5:21pm

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Post# 27790176

RE:RE:RE:RE:RE:RE:RE:CHAPTER 11?????

I agree Chapter 11, in the short term, is not a risk.

They have enough cash to kick the can down the road, but eventually, the debt holders will come to the realization that the antiquated Cuban JV will never generate enough cash to service the entire debt load + high overhead (corporate office, high executive salaries, etc) + 12% of future Madagascar cash flows.

I suspect they will have a tough time refinicing the next round, then there could be trouble.

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