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 > Management please do not exclude paying interest early

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Comment by Stratocheifon Jul 30, 2023 3:02pm

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Post# 35563861

RE:Management please do not exclude paying interest early

VerificateASAP wrote:
Send the bond holders advance early payment too step up the issuer bid with opinion letters ...it can be done. IF INTEREST PAYMENTS FOR JANUARY ARE MADE IN AUGUST. WHY NOT?

My advice from my own security advocate. You can circumvent the covenants by paying the interest payment in January early. Make payment in August. With 125$ million of canada capital utilization you can buy up the remaining 63$ million of the 2029 bonds in full.

What is the holdup? Then of course there us 500$ million sitting in the JV. Why wait? If you buy back all the 29 bonds the covenants are gone. By January a further 150$ million in 24 is coming from the cobalt cash agreement

THIS IS A NOTICE

IF NOTHING IS DONE, I WILL REQUEST A SPECIAL SHAREHOLDERS MEETING

THIS IS AN IMPORTANT MATTER

LIQUIDITY is upon us and allowing the darkest of hedge funds with so many offshore accounts buying up common like its cotton candy is endangering our equity for a full equity buyout.

AFTERALL THE NET VALUE OF SHERRITT AFTER 600$ MILLION IS RECEIVED BY 2027 (cobalt cash agreement)gives Sherritt a net net value of a debt free Sheritt by 2027 with no further interest costs in its business model.

Whe do the numbnut analysts shed zero projections in their quarterly forecasts after the slurry plant and extra stack is finished by 2024. All expenses fall to 0 in 2025 just 24 months away.

There is no premium to its asset per share count. There is no premium to its 20% growth expansion. There is no premium to profitability.
There is no premium too positive free cash flow.

A SHARK ALWAYS A SHARK ... ITS DEFINITELY SHARK WEEK