Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Contrarian333on Apr 04, 2022 11:05am
280 Views
Post# 34573062

RE:RE:RE: They are at the mercy of Cubans even for Moa $ ???

RE:RE:RE: They are at the mercy of Cubans even for Moa $ ???Disingenuous? You are in way over your head kid.  Have you ever seen an org chart of pretty much any public company and the number of underlying corporate entities that exist for one reason or another (taxes, asset ownership, etc.) What I am now done explaineing to you is that there is a non cuban domociled legal entity in the Bahamas jointly owned by the two parties where the legal ownership of product resides, and which markets, sells and collects the proceeds from sale of that product.  That entity has a bank account.  What I wanted to confirm was the movement of the cash from that bank account.  What I have now confirmed is that small bits of cash are remitted from that legal entity's bank account in the Bahamas to Cuba on a  monthly basis to pay for basic expenses.  However, the balance of that cash is HELD IN THE BANK ACCOUNT IN THE BAHAMAS!  From there the joint venture partners determine what distributions if any are to be made and they are directed to Sherritt in Toronto and the Cubans in Cuba.  So there is no Cuban hand holding the cash.  In the event of a dispute between the two partners there is a dispute resolution mechanism and this would all fall under Bahamian law.   This is the way a JV works.  Its basic business.       
<< Previous
Bullboard Posts
Next >>