Sherritt International Corp T.S

Alternate Symbol(s): SHERF

Metals & Mining Industrial Metals & Minerals

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.

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Sherritt International Corp > How do a simple man value Sherritt

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Comment by rkhoslaon Feb 10, 2023 6:31pm

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Post# 35280849

RE:RE:RE:RE:How do a simple man value Sherritt

So... are you looking at Sherritt's inventory or the JV's inventory? The two are not the same.

TheCount11 wrote: I 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.