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 12, 2023 4:58pm

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Post# 35282255

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

It is a receivable. Therefore have they not already paid taxes on it? When I do my corp taxes I am obliged to pay tax on my receivables even though I do not have the cash in hand. Is it not the same? So whatever they do with the money there oughtto be no tax on receivables am I not correct?

Albatross wrote:
Last I checked, diverting cash to make debt payments reduces profit. Therefore they don't have to show as much profit and therefore not pay as much tax.

Once they have completed their debt obligations they will be able to show full profit and hopefully return to shareholders in the form of dividends and buybacks... the downside is they will then have to pay tax on that profit.

The point is right now they have to get rid of debt, there isn't much point carrying cash over and paying taxes on it... do something with it. Which is why they bought back all those bonds early December before year end.

You make yourself sound like a real wing-nut there Strato. Too many years up in the stratosphere at low oxygen levels hasn't done your brain any good.