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. 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. It is also the independent energy producer in Cuba. 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 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 > Joe my thoughts on pik 29 interest payments

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Comment by rkhoslaon Jan 16, 2024 1:47pm

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Post# 35829545

RE:Joe my thoughts on pik 29 interest payments

the cobalt swap in this price environment is fantasy. Sure yes they will receive the garaunteed tonnage but not the cash top up - or at least not all of it. and the tonnage will not be worth much ; ) nor will it and the cash arrive in h1 like last year

VerificateASAP wrote: With JV dividend payouts plus the cobaltcash payments it truly doesn't matter if we lose a nickel per share in production.
4th quarter
Big deal Joe.

I believe it will happen.
We rely on the future. Cut expenses further by 13$ million

Production of our materials starts by 1st month end of 1st quarter.

Pay the pik interest. Keep our options open.

Buyback bond announcement too. Plus an issuer bid.

I'll tell you why!!!

At under 40c a share. Tsx rules on volume buybacks. I doubt we can't buy more than 5 million shares in 24.

Restrictions by rules of the tsx ....based on volumes alone.

All this cash will come in regardless of production profiting or losing. At 25-35 $ million per quarter.

Dividend payouts FROM JV
COBALTCASH PAYOUTS!!