Bullboard - Stock Discussion Forum Sherritt International Corp T.S

Alternate Symbol(s): SHERF

Metals & Mining Industrial Metals & Minerals

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 > Nothing to see here folks keeping walking....

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Post by CommonCents123 on Jul 04, 2023 6:16pm

Nothing to see here folks keeping walking....

Over the cliff that is.

This reads eerily very familiar...circa 2007/2008 too big to fail maybe...

https://dailyhodl.com/2023/07/03/four-us-banking-giants-now-have-205000000000-in-unrealized-losses-sitting-on-balance-sheets-report/

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Comment by Sanguinity on Jul 05, 2023 4:41pm

It is surely concerning, but as they observe in the article, the biggest banks only need to be able to skate through the next few years before they can get back at least the billions they sunk into the bonds. They aren't going to be making "bank", but they aren't going to fold either. More concerning is the off-book lending overhang that is apparently going on in China ...more

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Comment by VerificateASAP on Jul 05, 2023 4:48pm

This post has been removed in accordance with Community Policy

Comment by CommonCents123 on Jul 06, 2023 11:28am

Mkts rise and fall but have always generally moved higher. We're at the top now, it is going to fall...soon. just like gold did. The USD is a place of safety during this time and demand for usa investments will create demand on the USD pushing it higher like today. Economics 101...supply and demand. Demand is being tamed to bring harmony once again to the supply and demand ...more

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Sherritt International Corp