Sherritt International Corp T.S

Another thing that is overlooked with Sherritt

[thenorthvanman]

Cuban recievebles become payable by Cuba in a higher priced Co/Ni environment.  The higher the commodities go the faster that debt can be paid.  This is an extra layer of leverage in an already very leveraged commodity play.

[rkhosla]

Yup - I did mention the dividend agreement the other day - all dividends from MOA come to Sherritt after a certain threshold: "In addition, the Agreement provides that Sherritt will receive 100% of available distributions from the Moa JV once each partner has received a minimum amount of distributions. The minimum dividend threshold for 2019 is US$68 million (100% basis). The minimum dividend

[rkhosla]

(the quote is from the receivables agreement) so we get BOTH our share of windfall profit and our Cuban partners as Ni spikes : ) Which is why I have great faith in collecting the receivables $150 million 

[bobismydad]

still must be a reason why the CEO is jumping ship, leaving like vermin when its on fire