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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 Contrarian333on Dec 31, 2022 11:14am
137 Views
Post# 35198361

RE:Some people just don't get it

RE:Some people just don't get itNoise.  Helms Burton was in effect when the SCN share price was $17 as well.

As far as a reverse stock split goes, the argument from management is that the higher nominal share price will allow for institutional investors to participate.  While this might be practically true, the mere fact of a consolidation will not result in more interest in the Company from these investors IMO.  Extraordinary cash flow and what is done with that cash flow might first draw in the more risk tolerant hedge funds and take some of the stock out of retail hands.  However, traditional institutional investors will be the last ones in - at higher prices.  At that point and time, depending upon the price, etc. it may make sense to consider the consolidation.

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