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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 Mar 05, 2019 6:46pm
130 Views
Post# 29446632

Contrarian is Right!

Contrarian is Right!You cannot deny the financial facts.  Each $1 change in the price of nickel means an approximate $50m change in cash flow.  That is real torque and when it is a positive price change it accrues to the benefit of the shareholder.  What the market worries about and when it decides to award the shares a higher price as a result of that financial fact is yet to be seen.

Personally I'm waiting for a receivables deal announcement.  While I too would like to see some of that cash allocated to the repurchase of shares, the Board will allocate it to the repurchase of the bonds instead.  That is because the responsibility of a Board member is to the corporation itself and not to any particular group of stakeholders.  The immediate threat to the corporation is an approximate 3 year out debt maturity.  So that is where the cash will go.
Bullboard Posts