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 17, 2020 11:37am

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Post# 30817160

RE:RE:Sherritt=Corona Virus

From what I can see during March:
2025s have traded from $34 to $10, latest $10, about 800k bonds in total (decent sized lots)
2023s are volatile $15 - 34, latest $23, about 40 mostly small lots
2021s likerwise volatile $15 - 34, latest $28, about 30 mostly small lots

None are trading anywhere near $50, so unsure why bondholders are going to be willing to have a new bond with half the principle value that they have today that will likely end up trading at the same price as before restructuring. Better waiting for CCAA and have a claim at the current 100% principle value, IMHO!!

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