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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 Lottomax649on Jul 16, 2019 9:06am
126 Views
Post# 29924102

RE:RE:RE:TRADED at the ASK UNTIL..........???

RE:RE:RE:TRADED at the ASK UNTIL..........???My point is that it may take a while to get to $10, time that the company does not have. It has a debt maturity in 2021 that it will need to start renegotiating. Ni today is ~$6.25. In 1Q it was just under $6 and Moa lost $10 million in FCF, so maybe Moa is now breakeven. What will be telling is whether a price premium between C1 ni and other ni arises, like has happened with iron ore. If so, that will be positive. That being said, if they find oil in B10, say goodbye to all that theoretical cash from Moa as this management will plow in into developing the field.....and we all know what that means - more overdue receivables!!

Bullboard Posts