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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
Comment by Contrarian333on Dec 19, 2018 8:54am
113 Views
Post# 29133650

RE:RE:RE:RE:Let Me Clear Up The Bullshit!

RE:RE:RE:RE:Let Me Clear Up The Bullshit!Re growth story.  It is a currently capital constrained company and so for now any "growth" story will be confined to partnerships perhaps oil and also with bitumen.

This argument that they are mining themselves out of business is nonsense.  Take a look at a Google map.  The whole Moa penninsula is rich in ore.  It is in the Cubans self interest to extend and extend the resource.  They will be mining there for years to come.  Consider the mine next door making ferronickel and run by the Cubans.  It runs at about a 25% efficiency rate.  The Cubans need Sherritt.

As far as insider buying goes, the executives buy shares (i.e. write a cheque or pay deduction) according to an established plan and those purchases are only reported at the beginning of the following year.  While I would like to see more buying (and I think we will see some purchases shortly incrmental to the plan) you won't see the plan purchases that I am describing from 2018 until early 2019.

I would also like to see them buy back a nominal number of shares in an issuer bid but the bulk of any purchases of securities by the corporation has to be (for the time being) the repurchase of the 2021 debt.  By eliminating that debt, they push their runway out another two years.
Bullboard Posts