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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

Comment by Stratocheifon Aug 21, 2021 9:11am
180 Views
Post# 33744676

RE:RE:RE:RE:RE:Why do you guys like Sherritt?

RE:RE:RE:RE:RE:Why do you guys like Sherritt?Its not the past that looks bad. Its now. Nickel over $8 and thier cash position declined 5 million in the last quarter. I wouldnt exactly call that spitting out cash. A few years ago nickel was in the $4 range and thier sp went to $1.40 AND they were paying interest on all thier bonds AND energy prices were high. Today, theyve stolen 40% of the bondholders money reducing thier interest psyments. They doubled thier sharecount issuing about 180 million shares @ 1.35 bringing in a ton of money....where did it go?? And they have the nerve to say they reported a loss again due to higher energy and sulfer costs. Energy costs were high years ago too, nickel was lower and they were doing ok. This company is smoke and mirrors. They cant take control of thier finances because they are at the mercy of thier "cuban partners" they are at the mercy of a bankrupt cuban government thats what it really is. Partnerships rarely have a good outcome especially when the partner is bankrupt and cant hold up thier end of the commitments. And thier r&d operations...there is no indication they will bear any fruit. Its just another of sherrit's many money pits. They claim there are dozens of mining operations all over the world using sherritt patents under licence....from decades and decades of r&d work. Can anyone show me the loads of money these licences bring in because ive looked at thier financial statements for years...never seen a dime. The only people making money here are the executives of the company.
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