Sherritt International Corp T.S

New Press Release - Sherritt Reports Q1 Results and Successful Implementation of the Cobalt Swap

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Sherritt International Corporation (“Sherritt”, the “Corporation”) (TSX: S), a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy...read article.

[Stratocheif]

Atta go sherritt. Debt up from 350 million to 370. They'll be back to 4 or 500 million in a couple of years 

[autofocus111]

Cash went up ~35M.

[rkhosla]

Lol I was just going to say that...  nary a penny of long term debt retired however....

[autofocus111]

Is there really any need to further lower that debt?  Sure it made sense to buy back the debt on the open market when it was trading at a deep disocunt, but hasn't that largely gone away (or rapidly doing so)? I mean, it's not like they could get new loans at so much better than 10% interest rate in the current environment. I say keep on with the expansion capex and building the

[Stratocheif]

The only rebuttal to your position is the big IF. If nickel prices go higher. Yes there are projections that by 2030, there will be a nickel deficit. But that's a long way from here and no one knows where nickel will be 6 months or a year from now. Companies with very low debt or no debt survive almost always. Companies with high debt can get caught....and investors see this and know it so

[CommonCents123]

It's all based on IF IF IF!  Someone on this board said it, when times get lean, which those times are coming, the companies that survive will have either little or no debt. They do need to shed debt to remain viable. The biggest hurdle for them even when you minimize the "forward looking statements" that sunshine and rainbows spews is the US EMBARGO. If Trump gets in, which

[CommonCents123]

Just imagine if elephants could fly they could fertilize our fields too, wouldn't that be a nasty situation lol.  Verificate123 would be all over that with the potential. If If If statements...all deflated by the cautionary "let's avoid being sued" comment forward looking statements. GLTA...hope we break-even.

[Albatross]

So get out of it!? You have a choice, why go down with ship? The ship is sinking. Better listen to your own logic. Who are you trying to convince? There are plenty of fish in the sea. Please hop off, for your own well being, and well frankly everyone else's as well.  Have you ever been on a boat with somebody that a) fears water and b) has a strong conviction that it's going to sink

[CommonCents123]

I comprende amigo but with that logic why are you here then?  Do you think that someone's revelation on this billboard will somehow improve the chances of the stock going up? You've read the releases just like me and Verificate123 and although the releases may talk about future earnings it never comes to fruition.  You've been here longer than I, I would think that you'

[Oaxacan]

And their revolving term loan increased from $46.5 million at year end to $63 million at the end of the first quarter of 2023.

[CPA023]

The revolving-term credit facility increased by $16.5 million but it is offset by the reduction of the share-based compensation liability of $24.4 million.

[CPA023]

There is no net increase in debt as the increase of $18.6 million of revolving-term credit facility was offset by a decrease of $24.4 million in the share-based compensation liability.