Sherritt International Corp T.S

Alternate Symbol(s): SHERF

Metals & Mining Industrial Metals & Minerals

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 Lottomax649on Mar 04, 2020 8:04am

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Post# 30764409

RE:RE:RE:RE:RE:RE:Most of the bashers

The issue, unfortunately, is that bondholders may be swapping debt at 50 cents on the dollar, but there is no certainty that the new bonds are going to trade at par, as company still in precarious position. So bondholders may end up with less than 50% and shareholders get all of the potential upside. This is why it seems like a bad deal for bondholders. In a CCAA, the bondholders get everything and it is shareholders that get wiped out. IMO, bondholders shoud only accept a deal that gives them some significant equity participation.

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