RE:Sorry the stockhouse boards are quiet. We need moreYes he said that (torqued) and then he said he realizes it is really only 'torqued' when Cobalt is not languishing in the s hole. Which it is. And will be he henceforth as an unwanted byproduct of HPAL. And he is right. So if we can't make a profit at $9.25 (i believe that was Q3 Ni average) then we are in deep with Ni at $7 for the next 24 months. And jf management wants to give some reassurance, they need to clearly articulate, and beyond that, demonstrate how they are going to keep things together at $7 nickel and $12 cobalt for the next 2 years.
VerificateASAP wrote: If I have Said it a million times people. If sherritt trades 10,000 shares all day with 400 million shares outstanding what does it say?
Concentration of common shares in very strong hands.
400 million shares in float and we trade only 10000 shares by noon. It proves everyone knows the Net asset value of 1.72 per share.
You own a discounted asset too its equity price.
The largest sophisticated shareholders that own this discounted producing production asset with consistent usual productions of 32000-34000 tons annually. I figure these numbers are already available for 24 but we have too wait this week for it or the week after.
They collect from the remaining sellers of common. They collected too year end. Tax loss selling season of course.
I know the aberrations of the common have traded between 30c too 65c with average medians of 33.8c too 56.8c for 4 years now.
I feel we are hitting a wall in our common. The volumes will get even get more slower if the price stagnates here.
Remember the stock is owned by the sliding sophisticated owners who picked up common under 45c a share.
ITG
CLEARWATER
ATB
Do the assets indicate non performance?
Yes and no.
THE ASSETS are very soon getting ready too produce more production.
The assets performance has been flat at 30000 tons produced in 2023.
What is more important is sherritt will receive their cobalt receivables soon. 114$ million dollars worth. Even if it's less it still will be addressed further in the final part of the contract. Any difference that is less will be added.
I see collecting back our monies that bay street or DBRS bond rating agency did not include in their projections last year. Since then they received their first payment.
Now we excluded the 1st payment and we get our dividends in 2023.
We had a minor loss for the full year and here we are at 30c per share.
Our assets sit at 1.72 per share with producing assets and a full structured producing refinery in Alberta.
Pivoting at 30c per share is too discounted too its full assets.
I wonder what management have planned with these new sources of capital landing in front of their doorway in 2024. Add some dividend payouts from the JV too. 30c per share with production at 30000 tons of nickel produced.
In the 3rd quarter The JV had on 4 top line items unsold inventory and cash of 565$ million dollars of which half belongs too Sherritt.
In 2025 all these 20% production increases dissappear. Where will our NDCC be? Afterall we are spending an extra 20 million a quarter on these production increases in 2024.
The range on S is between 33.8c too 56.8c the median. 4 yrs trading range.
Contrarion has always Said torqued. I see it more too our advantage now. It will be more torqued in 2025 than ever.
Debt will be nearly gone by 2025 on the 26 bonds. You all get it right?
It's too discounted and believing the imaginary stock price of 30c a share with no volume trades says it all.
They control the common equity. They control the price. We are just the last of the retail holders left in common.
I buy a few thousand shares a week. Adding because I do not know where the bottom is.
My belief is this is the bottom.
My average costs are below 40c now.
I am not complaining either.
Thank you.
Patience in being wise but holding out for the long term. I bought my first batch of shares knowing the full embargo was on with a dictatorship and knew I was buying into Sherritt in 1998. It was under 4$ a share and ran up too 18$ a share. I averaged up into that year. Bought a few hundred shares.
After 25 years here we are at 30c a share with double the float. It has producing assets and a constant upkeeped refinery worth billions upon billions. It has land values and buildings that are Worth less than when I bought them 25 years ago.
Commodity values on land and buildings have gone up in 25 years. Not down.
I hold for the revaluation by the largest sophisticated shareholders. It's their investment. I am just awaiting their next move.
I know the stockhouse board is quiet. I want too post quality over quantity. Points of interest with data and observations is what Sherritt spectrums world.
There are not many retail left in common. This is a certainty