Post by
rkhosla on Apr 28, 2021 12:44pm
Earnings
I predict nothing sensational. Financials will stabilize but we juiced Q4 with pre-sales, they forwarned us already that Cuba's currency unification would cause delays in progress with receivables, and we have a cap-ex hangover / differed maintainance costs to deal with for all those years of teatering with bankruptcy. There will be a MOA divy and remember we also get the Cuban share beyond a certain threshold as part of the receivable agreement. However the foundation further set for our return to a highly profitable enterprize. If only we could trim board costs a bit.....
Comment by
Contrarian333 on Apr 28, 2021 1:18pm
Please note that the prepayment was a 1rst Q 2021 event against deliveries during 2021 not a Q4 2020 event DEVELOPMENTS SUBSEQUENT TO THE YEAR END Sherritt received a $20.3 million prepayment against nickel deliveries in 2021. The prepayment is consistent with Sherritt’s efforts to enhance its liquidity.
Comment by
YourFriendo on Apr 28, 2021 2:03pm
Thx - Missed that. So then they should show an increase in their cash Q over Q.
Comment by
rkhosla on Apr 28, 2021 4:01pm
If that's the case I missed that too. Two hours of suspense now. And then 'see' you all 10am EST tomorrow for the call.