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

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Post by CommonCents123on Sep 21, 2023 8:29pm

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Post# 35648488

NO WAY JOSE...

After seeing the chart below, there's no way that Sherritt's Binedell should continue his efforts to expand production in a market saturated with Nickel already. The price continues to drop below $8.55 now and extra production will only succeed in squeezing profits and lower already dropping Ni prices.

The economy is starting to show cracks, inflation is still high, rates will be protracted at these levels and although I disagreed with pausing rate hikes on Wednesday, it does look like another hike is on its way later this year.

I hope you can all see that there is no way that Sherritt will be able to spend any money on things such as share buy-backs or dividends, they just don't have the money and what money they do have would be best allocated to paying down debt and continuation of operations in a declining market.

It would not be prudent or responsible to spend any money on any frivolous expenditures at this time.

IMHO