Sherritt International Corp T.S

Alternate Symbol(s): SHERF

Metals & Mining Copper

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.

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Sherritt International Corp

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Comment by Contrarian333on Aug 05, 2019 11:40am

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Post# 29994707

RE:RE:RE:RE:RE:RE:Analysis on Q2

Q2 - Approximately $7m free cash flow from Moa after capex. Approximately $7m of seasonal additions to non cash working capital. So technically you are correct in terms of available cash that the whole distribution came from excess cash above reserves - but that working capital number is transitory and should correct over the course of the year. Thanks.

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