What to do? I look at my financial health by my income(do I have a job), how much I owe, what I own, and cash and liquid assets.
Sherritt has a job (they produce nickel and fertilizer)they get a secondary income from the byproducts of the nickel, that being cobalt and maybe a couple others. At this point in time those are valuable, however commodities are finicky and can drop in value quickly, currently they are less valuable.
I have some debt, my goal is to pay that off quickly as possible, as interest is a waste of money, so should Sherritt.
I try to stay away from consultants and advisors as they generally charge for advice without doing much of anything for it, (board of directors), and this board has very little skin in the game if any. I mostly rely on my own judgment and common sense, I have done some dumb things, common sense is knowing when enough is enough.
This company has good people or had good people in management, can they not see what decisions are valuable and what is wasteful?
When I worked for Sherritt, they seemed very quick to go outside the company for for advice/ consultation which mostly they already knew what was the right thing to do. Unfortunately experience is a hard thing to find anymore and people with it are retiring or becoming consultants to pad their retirements.
Does Sherritt have any good people left?
Sherritts costs seem to be getting out of control, used to be in the lowest quartile, now in the second lowest. You can blame rising costs, but those costs are rising for all companies. They like me need to control costs.
It’s nice to have all these green initiatives, ( electric vehicles on site ) and whatever other things contribute to a waste of money. However do these things pay for themselves? Wait till Sherritt thinks building a wind generator is a good idea, because it’s “green”.
Good corporate citizenship is just the ability to clean up your mess when the job is complete, maintain what you have and treat your employees and community fairly.
For a company that I am part owner in, why have I seen zero return from the actual production and sales of a product or products, (dividend when there is some profit) as there has been for the last few quarters, and have to rely on buying and selling this stock for a couple cents at a time, which I might add does not alway work out. It’s exhausting.
I look at the q1 financial statement and think, I need a financial analyst to tell me what this really means.
Really, all I’m interested in is:
Do they have a job? Yes
Do they have cash? Yes
Is the cash going up or down?
2021 year end- $145.6m
2022 year end- $123.9m
Current. -$138.3m
Basically it’s a wash over 9 quarters.
Nickel and Cobalt are in decline.
Is the debt going up or down?
2021 year end- $444.5m
2022 year end-$350.9m
Current. -$370.3m
Again nickel and cobalt are in decline and they are doing an expansion. More costs. How did the debt get retired, did they pay it off or was it off the backs of some investors. The latter for the most part I think.
Very bad decision to get into Ambatovy, but that water under the bridge.
What are the assets?
50% ownership in Moa JV, including power generation oil and gas, not sure who owns that infrastructure.
100% ownership in the Canadian operations.
If something happens in Moa, hurricane, more of the US sanctions, US election is coming.
Could Sherritt survive without feedstock from Cuba?
Sherritt seems to be relying on the price of cobalt a lot, to pay debt and expansion.
The ev revolution is sketchy at best, I personally know 1 person in western Canada that owns an electric vehicle, that’s all 1 person. You would think that from nickel stocks on the LME that things would be brighter, what happened to supply and demand?
How has Sherritt technologies added to the value of the company, seem to have lots of things in development but are they there to support the refinery or develop a saleable process. Have they made the company any money? I never see anything in the financials about them.
Should they be their own entity like Sherritt Oil and Gas or Sherritt Power?
Today is the day I make a decision and I do not see anything promising either with this company or globally to support it, just more of the same.
Executive pay and bonuses.
There was 1 analyst that asked a question this morning, and I don’t think he really got an answer or one that he fully understood, I know I didn’t.
What would Orest say after this quarter?
Just my thoughts.
Time to make a decision!
I look at my financial health by my income(do I have a job), how much I owe, what I own, and cash and liquid assets.
Sherritt has a job (they produce nickel and fertilizer)they get a secondary income from the byproducts of the nickel, that being cobalt and maybe a couple others. At this point in time those are valuable, however commodities are finicky and can drop in value quickly, currently they are less valuable.
I have some debt, my goal is to pay that off quickly as possible, as interest is a waste of money, so should Sherritt.
I try to stay away from consultants and advisors as they generally charge for advice without doing much of anything for it, (board of directors), and this board has very little skin in the game if any. I mostly rely on my own judgment and common sense, I have done some dumb things, common sense is knowing when enough is enough.
This company has good people or had good people in management, can they not see what decisions are valuable and what is wasteful?
When I worked for Sherritt, they seemed very quick to go outside the company for for advice/ consultation which mostly they already knew what was the right thing to do. Unfortunately experience is a hard thing to find anymore and people with it are retiring or becoming consultants to pad their retirements.
Does Sherritt have any good people left?
Sherritts costs seem to be getting out of control, used to be in the lowest quartile, now in the second lowest. You can blame rising costs, but those costs are rising for all companies. They like me need to control costs.
It’s nice to have all these green initiatives, ( electric vehicles on site ) and whatever other things contribute to a waste of money. However do these things pay for themselves? Wait till Sherritt thinks building a wind generator is a good idea, because it’s “green”.
Good corporate citizenship is just the ability to clean up your mess when the job is complete, maintain what you have and treat your employees and community fairly.
For a company that I am part owner in, why have I seen zero return from the actual production and sales of a product or products, (dividend when there is some profit) as there has been for the last few quarters, and have to rely on buying and selling this stock for a couple cents at a time, which I might add does not alway work out. It’s exhausting.
I look at the q1 financial statement and think, I need a financial analyst to tell me what this really means.
Really, all I’m interested in is:
Do they have a job? Yes
Do they have cash? Yes
Is the cash going up or down?
2021 year end- $145.6m
2022 year end- $123.9m
Current. -$138.3m
Basically it’s a wash over 9 quarters.
Nickel and Cobalt are in decline.
Is the debt going up or down?
2021 year end- $444.5m
2022 year end-$350.9m
Current. -$370.3m
Again nickel and cobalt are in decline and they are doing an expansion. More costs. How did the debt get retired, did they pay it off or was it off the backs of some investors. The latter for the most part I think.
Very bad decision to get into Ambatovy, but that water under the bridge.
What are the assets?
50% ownership in Moa JV, including power generation oil and gas, not sure who owns that infrastructure.
100% ownership in the Canadian operations.
If something happens in Moa, hurricane, more of the US sanctions, US election is coming.
Could Sherritt survive without feedstock from Cuba?
Sherritt seems to be relying on the price of cobalt a lot, to pay debt and expansion.
The ev revolution is sketchy at best, I personally know 1 person in western Canada that owns an electric vehicle, that’s all 1 person. You would think that from nickel stocks on the LME that things would be brighter, what happened to supply and demand?
How has Sherritt technologies added to the value of the company, seem to have lots of things in development but are they there to support the refinery or develop a saleable process. Have they made the company any money? I never see anything in the financials about them.
Should they be their own entity like Sherritt Oil and Gas or Sherritt Power?
Today is the day I make a decision and I do not see anything promising either with this company or globally to support it, just more of the same.
Executive pay and bonuses.
There was 1 analyst that asked a question this morning, and I don’t think he really got an answer or one that he fully understood, I know I didn’t.
What would Orest say after this quarter?
Time to make a decision!
What to do?
I look at my financial health by my income(do I have a job), how much I owe, what I own, and cash and liquid assets.
Sherritt has a job (they produce nickel and fertilizer)they get a secondary income from the byproducts of the nickel, that being cobalt and maybe a couple others. At this point in time those are valuable, however commodities are finicky and can drop in value quickly, currently they are less valuable.
I have some debt, my goal is to pay that off quickly as possible, as interest is a waste of money, so should Sherritt.
I try to stay away from consultants and advisors as they generally charge for advice without doing much of anything for it, (board of directors), and this board has very little skin in the game if any. I mostly rely on my own judgment and common sense, I have done some dumb things, common sense is knowing when enough is enough.
This company has good people or had good people in management, can they not see what decisions are valuable and what is wasteful?
When I worked for Sherritt, they seemed very quick to go outside the company for for advice/ consultation which mostly they already knew what was the right thing to do. Unfortunately experience is a hard thing to find anymore and people with it are retiring or becoming consultants to pad their retirements.
Does Sherritt have any good people left?
Sherritts costs seem to be getting out of control, used to be in the lowest quartile, now in the second lowest. You can blame rising costs, but those costs are rising for all companies. They like me need to control costs.
It’s nice to have all these green initiatives, ( electric vehicles on site ) and whatever other things contribute to a waste of money. However do these things pay for themselves? Wait till Sherritt thinks building a wind generator is a good idea, because it’s “green”.
Good corporate citizenship is just the ability to clean up your mess when the job is complete, maintain what you have and treat your employees and community fairly.
For a company that I am part owner in, why have I seen zero return from the actual production and sales of a product or products, (dividend when there is some profit) as there has been for the last few quarters, and have to rely on buying and selling this stock for a couple cents at a time, which I might add does not alway work out. It’s exhausting.
I look at the q1 financial statement and think, I need a financial analyst to tell me what this really means.
Really, all I’m interested in is:
Do they have a job? Yes
Do they have cash? Yes
Is the cash going up or down?
2021 year end- $145.6m
2022 year end- $123.9m
Current. -$138.3m
Basically it’s a wash over 9 quarters.
Nickel and Cobalt are in decline.
Is the debt going up or down?
2021 year end- $444.5m
2022 year end-$350.9m
Current. -$370.3m
Again nickel and cobalt are in decline and they are doing an expansion. More costs. How did the debt get retired, did they pay it off or was it off the backs of some investors. The latter for the most part I think.
Very bad decision to get into Ambatovy, but that water under the bridge.
What are the assets?
50% ownership in Moa JV, including power generation oil and gas, not sure who owns that infrastructure.
100% ownership in the Canadian operations.
If something happens in Moa, hurricane, more of the US sanctions, US election is coming.
Could Sherritt survive without feedstock from Cuba?
Sherritt seems to be relying on the price of cobalt a lot, to pay debt and expansion.
The ev revolution is sketchy at best, I personally know 1 person in western Canada that owns an electric vehicle, that’s all 1 person. You would think that from nickel stocks on the LME that things would be brighter, what happened to supply and demand?
How has Sherritt technologies added to the value of the company, seem to have lots of things in development but are they there to support the refinery or develop a saleable process. Have they made the company any money? I never see anything in the financials about them.
Should they be their own entity like Sherritt Oil and Gas or Sherritt Power?
Today is the day I make a decision and I do not see anything promising either with this company or globally to support it, just more of the same.
Executive pay and bonuses.
There was 1 analyst that asked a question this morning, and I don’t think he really got an answer or one that he fully understood, I know I didn’t.
What would Orest say after this quarter?
Time to make a decision!