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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 Albatrosson Dec 15, 2023 7:45am
84 Views
Post# 35786233

RE:RE:RE:One negativist is blocked on 🚫 list. Tell me if 14 billion

RE:RE:RE:One negativist is blocked on 🚫 list. Tell me if 14 billion

A hole in the ground is still just a hole in the ground if it doesn't produce anything, even if you spent $50B on it... same with any asset, if run poorly with high input costs relative to what it produces will become a liability instead of an asset.

Stop harping on about how much new refineries and mines cost and how the predators of Wall Street are all working together to bring Sherrit down. The fact is Sherritt needs to work it's place into a more stable position. Until then it's stock price will reflect the precarious position it finds itself in. 

I'm not panicking with my sherritt position but it's important to see that right now the company is not performing. On a broader scale I believe there's rebalancing that is happening as the market swallows the massive volume increase from Indonesia coupled with a weaker stainless steel demand. The global nickel demand has yet to pull our prices up but it eventually will. We just need to hang tight. Sherritt needs to get its sh!t together. 


The sun will shine again, eventually. Load up on shares if you want but be prudent as to not work yourself in a precarious position as your options become more limited. If this is the only company you have in your profile you may be in a very bad spot. Heed the old saying, don't put all your eggs in one basket. 

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