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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 FederalReserveon Jan 16, 2019 9:03pm
283 Views
Post# 29243175

Sherritt & it's Chapter 11. Filling

Sherritt & it's Chapter 11. Filling Sherritt sunk when they did that awfully dilution back.a year ago. It died and it's game over.....they raised $140mil to pay down debt and over the course of that year the stock.sank 80percent....my personal approach at that time and I did speak publically about it.....was to sit down with Cuba &arket a strategic cobalt streaming deal with a suitor as soon as that metal hit $40 I would of been really motivated to get a deal done! But pathe wasent satisfied with 40 or 50, he know even at that deal sherritt would just coast, he wanted to be a hero and fetch $60 or more and make sherritt a darling. It was a huge gamble, gambling is a suckers bet. Pathe never would see those inflated prices and cobalt crashed....as a result he gambled with sherritt shareholders. He has zero in this game so as a result of passing a $40cobalt streaming deal with as he quoted "in talks with potential suitors" he got greedy and then when it failed he through shareholders to the cleaners, he had to resort to a bad dilutive situation to raise the funds....now as a result, yes we paid down that debt , we are stuck at a lousy cobalt price as a result and we now have a whopping 400million shares, if he wasent trying to be a hero and got $35-$45 streaming deal done, it wouldn't have been a blockbuster deal but we would of gotten $100-$150mil deal(50% with Cuba splits) we would of used the cash to pay down the debt and as of today we would of been in $40cobalt deal & we would have only had 275mil shares outstanding......it's stuff like this which sherritt's mgmt gambles away and screws it all up. As a result shareholders are held hostage ....contrarian333 will some how never acnolige this but it's a fact and it's the reason why sherritt is at 40cent today with $5.24 nickel price, it's big screw ups like this that destroys shareholders wealth and as a result sherritt chances of participation in the next commodity boom cycle are next to nothing. Sherritt is out of time here, make no mistake. With debt maturing in 2 years and so they got nothing.....sherritt's Lousy management single handily ruined this Canadian Minnetonka. This stock is going to zero with the idiots we got.....if a streaming deal was done other than that ridiculous dilutive deal this stock would be trading $1.50++ now, no question asked. Now all you guys are chasing!!?? Chassing a dream that ended last year.....wake the fukc-up Contrsrian333, it's over....400mil shares, dud block 10, $700million of debt, & no growth story.....what the heck are you expecting here???? Ambatovy is done as well brother......wake up
Bullboard Posts