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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 rkhoslaon Jul 18, 2023 5:00pm
62 Views
Post# 35546819

RE:RE:RE:I smell an announcement comming

RE:RE:RE:I smell an announcement commingAgree - exactly.  There seems to be no immediate rush.  Circle the wagons for a bit.  Retrench.  Create a cushion.  
SilenceDogood1 wrote: Just to play devil's advocate - why would you buy back debt at these prices?  I think given the poor commodity prices over the last quarter and today you would be a bit careful with your cash.  Once the two cash interest payment stipulation in the junior indenture has been met (January 31, 2024) as described by Contrarian you can start buying back stock from the restricted payment basket.  This could very well spook the bondholders and allow you to buy back debt on better terms (size/price).  


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