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 > Good morning

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Comment by YourFriendoon Feb 17, 2021 11:19am

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Post# 32584525

RE:RE:Good morning

The issue is it takes a very high nickel price for Sherritt to generate a profit.

The dividends from the Moa JV have to cover 1) Interest costs 2) Technologies division 3) Corporate overhead (which is very high given their executive compensation) and 4) Poor capital allocation (i.e block 10 or terrible hedging programs).

Then of course whatever is left from that (if any) has to pay back 300m + in debt.

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