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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 Contrarian333on Oct 31, 2018 10:43am
73 Views
Post# 28900848

the Q

the QMoa Q should be ok given nickel price in the Q, production and NDCC guidance.  Light interest Q but probably heavier sustaining capex Q.  Go forward cash flow obviously dependant upon nickel price.  At current nickel prices annualized you can see how the share would trade more like an option, very volatile and wide ranging.  Nobody should be surprised by this.  Torque kicks in for real at $7+ nickel.  

Should use free cash to buy in some short maturity bonds (the 8% of Nov '21).  Would be nice to see them use a small amount of cash and buy back a token amount of shares as well - more symbolic than anything.  

I don't expect any definitive news re Block 10 in the Q.  Something like 'new technology works but we are still facing challenges.'

I don't expect any definitive news on payables but it will be interesting to see what cash comes from Energas for the Q.


Bullboard Posts