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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. 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 to improve environmental performance... see more

TSX:S - Post Discussion

Sherritt International Corp > I'M NOT SURE IS THIS A GOOD INDICATOR?
View:
Post by CommonCents123 on Jan 29, 2024 8:29pm

I'M NOT SURE IS THIS A GOOD INDICATOR?

Can someone let me know if this is good news?

https://fortune.com/asia/2024/01/28/evergrande-liquidation-order-hong-kong-court-china-real-estate-crisis/

Amazing that I've been saying China is done and it all looks that way...

Sherritt International stock price is $0.29 and will be impacted by a falling China.
Comment by Sanguinity on Jan 29, 2024 11:19pm
I think it is "bad" bad.  I recall doing some reading a while back that these companies are incentous - they all hold each other's debt.  Along with that is a huge off-book problem in China where the true overhang in the economy isn't well known until things start to fall apart. Part of the rescue the politbureau forced upon other real estate companies was to help prop ...more  
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