Bullboard - Stock Discussion Forum Sherritt International Corp T.S

Alternate Symbol(s): SHERF

Metals & Mining Copper

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... see more

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Sherritt International Corp > Sherritt Management Changes!

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Post by Contrarian333 on Aug 04, 2021 7:52am

Sherritt Management Changes!

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/737-tsx/s/104315-sherritt-makes-changes-to-its-senior-leadership-team-as-it-positions-itself-for-future-growth.html

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Comment by rkhosla on Aug 04, 2021 11:16am

huh - so much for all those savings on head office. We spent $7 mil to reduce by 10% amd save $1mil per year. That was announced all of 5 days ago and now this.

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Comment by Contrarian333 on Aug 04, 2021 11:47am

I think Leon has a pretty good idea as to how big the corporate footprint needs to be in order to maximize the opportunity and the return to stakeholders. He has made comments about opportunities he saw to reduce the footprint but not to the extent that it compromises growth opportunities. Seems level headed. I suspect the internal promotions come with a reduced price tag ...more

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