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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Post by YourFriendoon Apr 04, 2018 2:21pm

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Post# 27830604

Penny Stock company with blue chip debt levels

It's pretty clear, with Ni @ $6 and Cobalt @ $40 this company is not sustainable in the medium term. Company is trading at below levels it was wheb Nickel was @ $4 and Cobalt @ $20. Ask yourself why?

No serious major investor would touch this stock, which is why it is currently trading at these levels. It's asset base is only enough to service its debt, nothing more.

S debt is a much better investment than common stock. The company only exists to service its debt load.

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