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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. 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.


TSX:S - Post by User

Post by rkhoslaon Jan 26, 2024 1:20am
93 Views
Post# 35846476

i am going to say it:

i am going to say it:Ni has bounced off a short tem bottom and we will now see a relative period of strength - yes yes, relative.  we have had a deluge of closures / production cuts.  for sure too late to save what will ne a HORRENDOUS q4.  But Ni has kinda jumped AND more importantly the futures curve has REALLY perked up.  So this is good for us.  HOWEVER - we need to somehow achieve decent cash flow in the absence of our Co boost - 'cause Cobalt will NOT recover.  maybe EVER... it has become an unwanted byproduct.  So i am not saying we are going to see Ni above $10 any time soon... but maybe $8.50.  Cure for low prices is low prices
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