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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 YourFriendoon Jan 16, 2023 11:05pm
96 Views
Post# 35227034

RE:RE:RE:Cobalt Pricing / Swap

RE:RE:RE:Cobalt Pricing / SwapA) Only if they can declare the dividend.

B) I didn't imply that and I'm not even sure what you are saying.

C) It's major source of cash is from the Moa JV dividend. Those dividends will now be declared (for the most part) out of Cobalt....no longer cash. So Sherritt in turn has to monetize the cobalt in order the fund interest + oil and gas + technologies + corporate overhead + non Moa JV capex. So yes it needs to sell Cobalt.

D) If you don't want exposure to cobalt or nickel do t invest in a cobalt or nickel producer. 
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