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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 CommonCents123on Nov 21, 2023 1:41pm
65 Views
Post# 35746846

RE:Reality!

RE:Reality!I like the word REALITY Contrarian333.  Not even sure it's a good play on the Nickel price.  It didn't go up proportionately to the price of Nickel and the same on the way down.

It's a pretty bad barometer IMPO.

I have reached out to the company and asked about the efficacy of expanding production when ni markets are saturated, the EV pipedream is dying and the economy is shrinking.

The response I received was that they continue to monitor the project scope and economic impact on their expansion program and if there is any impact or change in the program they would update the market.

I bet that if they stopped the expansion to save money and reduce the glut of ni on the market the stock price would actually stabilize and maybe even go up.

 
IMHO of course
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