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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 Maxmoeon Dec 29, 2021 2:36pm
152 Views
Post# 34268464

RE:RE:RE:China/Cuba BRI deal

RE:RE:RE:China/Cuba BRI dealThis huge political risk, plus the huge debt burden at sherritt corporate, plus the lack of any feedstock other than the Cuban ore, plus the unscrupulous greedy gouging of the treasury by successive management teams and boards going back to the takeover by Ian Delaney, plus the ridiculous financing in 2018 used to reduce debt at 90 cents on the dollar etc etc etc is why the penniless company trades in the Pennies. Just my 2 cents worth from watching this company for 30 years.
Maxmoe wrote: wow is that optimistic. More likely is the scorch sherritt nightmare scenario. The Chinese and Cuban governments are on the same communist page or at least the same chapter. Neither follows &quot;the rule of law&quot; as we understand it so forget any JV agreements or accounts receivable. Neither needs Canada for anything nor do they give a sweet patootie what Canada thinks. And there is nothing Canada can or will do. The USA will maybe be sympathetic but won&#39;t do anything either other than laugh at the dummy Canadians. How&#39;s this sound? 1)China makes investments in Cuba, like the soviets used to 2.) Cuba tells sherrit to get out of Cuba on some made up nationalistic charges. Sherritt gets nothing. 3) The chinese take every ton of ore and ship it for processing elsewhere or possibly, but unlikely, build a refinery/smelter at MOA bay And hmmm Moa bay = Mao Zedong ? <blockquote class="BBQuote"> <div> <cite>autofocus111 wrote:</cite> Would Canada approve a takeover of Sherritt by a Chinese firm? Can the Cuban government terminate its JV arrangement with Sherritt?&nbsp;I think the ideal scenario here would be a capital injection by a Chinese company in exchange for a stake in the Moa JV, with an agreement to continue to refine the metals by Sherritt in Canada.&nbsp;</div> </blockquote> <br /> <br />
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