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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 StockPick50on Sep 19, 2019 4:16pm
219 Views
Post# 30145024

RE:Cash hoard/receivables

RE:Cash hoard/receivables
The cash hoard was disappearing due to sub $8 nickel prices & incompetent/overpaid management. The 3rd quarter will define where this company is going, I don't think they are going bankrupt unless nickel dives again.
Indonesia will be cutting supply soon but some of the Philippine mines are starting back up again. Also, Chinese ports were not expecting an immediate cut so their stockpiles are relatively small. 2021 is probably going to be a good year for nickel producers but Sherritt's business strategy is retarded and unpredictable.
Bullboard Posts