RE:RE:RE:How do a simple man value SherrittI have 37 tonnes of Cobalt added to inventory however 374 tonnes of Nickel were subtracted from inventory. CapEx is lumpy hence why depreciation gives a clearer picture.
Sherritt utilized CBCA to effect complex debt restructuring due to issues collecting from its Cuban partners. If revenue recognition ever made sense as a concept here it is as we are at the bartering stage.
My point is that investors ignore the income statement at their own peril. It should be used with cashflow statement and balance sheet. Sherritt had a decent year but it didn't exactly blow the doors off in the last 2 quarters. I was expecting a profitable Q4 as Average Nickel Price was $11.47.
For cash-settled share-based compensation plans, the Corporation recorded a Compensation Expense of $17.5 million Earnings from operations and joint venture $118.7 million for the year ended December 31, 2022. That is a staggering amount of money in stock compensation.