Sherritt International Corp T.S

Way to Sure of Himself and Completely Wrong!

[Contrarian333]

https://www.bnnbloomberg.ca/investing/video/brian-madden-discusses-sherritt~1975629

[thenorthvanman]

I wonder how many took his advice?

[rkhosla]

And North Van man, how many benefitted from those who took his advice? I.e. scooping up the cheapies from the sheeppies?

[rkhosla]

And North Van man, how many benefitted from those who took his advice? I.e. scooping up the cheapies from the sheeppies?

[thenorthvanman]

Certainly anyone who bought at .15 benefited but I don't think this guy is a cunning shyster who was leading lemmings over a cliff. I think he's just an arrogant analyst who clearly isn't as smart as he thinks he is.

[YourFriendo]

He didn't say when it was going to zero.... Let's also remember there are people on this board that said Sherritt was a good buy when it was trading over 1$. Those in glass houses....

[JoJoRabbit11]

What a load of shite.  You can tell from his description of Sherritt's business that his knowledge of the company is superficial.  He clearly implies in his comments that the bondholders will end up owning the Company during the reorg of last year.  The problem with these BNN guests is that they are often asked to comment on things they know very little about.  He would

[thenorthvanman]

Among other things many bondholders couldnt legally own Sherritt stock either. Additionally, its not clear exactly what parts of the JV the bondholders would even get access to. If the Cuban gov did not give them access to the mine than Sherritts assets in Canada are worthless to them.

[BackEndPugMill]

That is correct, as the portions of the Fort Saskatchewan refinery (raw to finish products) is 50/50. However the essential components (utilities) is 100% owned by Sherrie. In short, in the worst possible situation the GNC would still own the 50% for the raw to finish assets. Also this is also why Sherritt could never be a third party refiner for other nickel / cobalt ores, it would have Cuba’s

[rkhosla]

Interesting.  PugMill if it generated profit for them/ the JV, why would Cuba never consider third party refining contracts?

[BackEndPugMill]

Please excuse the term, never but hardly unlikely. -Cuba would mostly likely have grant permission and receive compensation for the third party ore as they own 50% of the refinery. -mass balance, refinery capacity , kg in equals kg out. Does the refinery have name plate / capacity to receive extra material, to produce the final product. would mostly like sign a contract to take on extra