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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 rkhoslaon Oct 13, 2022 12:03pm
209 Views
Post# 35022522

If we needed confirmation that the market is not rational..

If we needed confirmation that the market is not rational..Just look at today's trading on the market as a whole. The initial reaction to the US inflation numbers was the S&P dropping more than 2%. Now it's up.  Almost 2%. Look at how our little teeny tiny stock traded this morning.  All these analysts and talking heads like to give the impression that they understand the market and they know which way it's heading and they know how to valuate it.  But it remains fundamentally quite irrational. And I think that gives credence to how mispriced our stock is. Not to add to the craziness or volume of monologue, But I do not think a $2 valuation for our stock is unreasonable and I think we will get there. It's taking longer than I thought and clearly we have some headwinds. Cuba is in a horrible situation. The world in general has various crisises, Not to mention inflation and this aggressive rate hiking inevitably provoking a massive recession. 
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