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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. 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. It is also the independent energy producer in Cuba. 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 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

Post by SilenceDogood1on Aug 05, 2021 3:51pm
85 Views
Post# 33658505

The Morons Are Out In Full Force

The Morons Are Out In Full ForceI believe the stock sold off because of the management changes and not the second Q which was kind of neither here nor there.  Some investors were probably spooked by the changes to management including the interim CFO but I think it is all part of the downsizing and optimizing that the new CEO is implementing.  The promotions won't cost as much as the incumbents who are leaving and the new hire is going to help alot with the commercialization of the technologies division.

I see people panning the argument that S is levered to nickel as they mistakenly compare the changing nickel price to the share price rather than the cash flow.  We don't control what if and when the market responds to changing nickel prices but it is very clear from the financial statements that the nickel price does "torque" the financial results.

To many halfwits interfering with good discovery and the sharing of information from the sensible posters on this Board.
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