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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 FederalReserveon Aug 24, 2021 5:15pm
143 Views
Post# 33758680

RE:Leon says

RE:Leon saysSherritt bright future was it's lucrative cuban oil assets. They let it go... $67usd/barrel today. They were a major player in Cuba. If they worked out better dealings(Sherritt mgmt can't) Sherritts cash flow on the oil side would of been enormous and more lucrative then moa....going forward oil will hit $100. They burried to much on block 10 gamble, with el-zippo to show for it now... Very disappointed. Sherritts growth strategy would of been in the oil. Moa is mature & stable. They were producing 20,000 barrels in 2018 and more in 2017. With the right deals and re-negiotiating better terms within the cuban government and investing in the right oil manager not the losers that Sherritt keeps paying these useless bay Streeters, then yes oil would of solved all of Sherritts problems!!! strengthen it's balance sheet, cash flows, earnings and possibly dividends... Even if production remained 20000 barrels a day the math is there, but giving how much money was gambled at block 10, if they allocated that money into existing producing fields, renegiotiated the terms, this Sherritt would be producing 30,000 barrels per day if not more. even at 50percent intrest (15000) barrels it's incredible. Would of been $5 stock to say the least . Historically when production was large, Sherritt was getting it out of the ground for under $20. Ching ching. Now all you have is a very old mature mine and some technology division hype that will never compare to an oil cash flow empire that Sherritt had in it's hands
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