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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

Post by SilenceDogood1on Dec 29, 2021 1:47pm
255 Views
Post# 34268283

Another ex of creditors taking a hit but not shareholders -

Another ex of creditors taking a hit but not shareholders - I don't know whether anyone is following this trade that Contrarian was talking about but Reitman's has filed a plan of arrangement which has now been approved by its creditors which will see them accepting about 50 cents on the $1.00 owed (as recommended by the monitor) while the Reitaman's shareholders are left completely unscathed.  In some ways there are parallels to what happened at Sherritt but for different reasons. It just goes to show you that every situation is unique.

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