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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 JoJoRabbit11on May 01, 2020 10:51am
301 Views
Post# 30975879

RE:RE:RE:results out

RE:RE:RE:results outI was able to talk to someone with knowledge of the negotiation - someone admittedly from the Company side.  The position articulated was that either a consensual deal is achieved or they wil simply hold a vote on the original proposal with the caveat that if it is defeated they will only deal with the '21s at this time - and give them the security cramming down the '23s and '25s which is problematic for the ad hoc committee given that the principal players on that committee apparently own the latter maturities.  IMHO we'll see a modestly improved deal.  Oh and I also understand that the U.S. holders of the bonds (and other holders by way of mandate) can't hold equity. JJ
Bullboard Posts