Sherritt International Corp T.S

Boy these tax loss sellers are really last minute sort of

[rkhosla]

folks...  pushing it right to the deadline.  Today is the last day of reccord for 2021 and they are still selling

[thenorthvanman]

You're presuming that is what is going on.  I myself have no idea.  Sherritt better have good results this Q because if they don't I can't see anything helping them.   Never would have guessed that at 20300 Ni and 70250 Co a tonne the SP wouldn't just be sub 1.00 but sub .40.  Never ever would have guessed that.

[rkhosla]

True I never presume I know what's going on.  However tax loss selling at least has  to be a part of it.  Omicron/Cuba financial shambles another.   But do rember there is close to $70 million of our money sitting in the JV at this point.  Close to 20c per share.  

[thenorthvanman]

Bottom line is they have to demonstrate they are a profitable business.   The market has completely lost faith in them and thus far they have been proved right with Sherritt losing money despite Ni being the highest in nearly a decade and Co at multi year highs.  Q4 better be a profitable Q.

[rkhosla]

I don't have the inside track like contrarian does, but I imagine we will see a few press releases etc. in January and some news on their plans/progress and maybe a dividend finally. Our cash inside the JV was 37 million at the end of last quarter.  With the existing recievables plan recall any pay-out passed a threshold we get our share and their share.  Now on the other hand most

[thenorthvanman]

I assume u mean Sherritt collecting a dividend from the JV not shareholders.  However they do it, they need to be in the black this Q and subsequent Qs.  Bleeding value and cash with Ni and Co where they are screams failed business.

[thenorthvanman]

Another thing, I would like to see the board and management have significant increases in the shares they hold.