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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 Bwrbhkon Feb 07, 2024 6:23pm
59 Views
Post# 35868652

RE: Wait for successful tourist season too finish

RE: Wait for successful tourist season too finishThere is nothing positive in this press release.  The $1.71 BV is shrinking, liquidity is being squeezed.  Nickel is still in oversupply and pricing will remain weak for the near term.  The one positive is their guidance for metal production and operating costs.  However as one commentator indicated, managements track record on guidance has been dismal.  Shareholders are getting clobbered and management pay themselves $24.9 million for share based compensation.  I guess that laying off 10% of the workforce will help pay for this over the next two years.
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