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 > PIK

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Post by rad10 on Feb 04, 2024 9:14pm

PIK

PIK on the 10.75% notes. Not great. Weren't they buying back notes last year?

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Comment by YourFriendo on Feb 04, 2024 10:13pm

Yes. When nickel is at 15$ that's an easy thing to do. Now that the tide has gone out, we are seeing who was swimming without shorts.

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Comment by Stratocheif on Feb 05, 2024 11:41am

The PIK were a joke from the start. Just as easily as they can decide not to pay on them it wouldn't surprise me if when things get worse they will just cancel them.

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Comment by VerificateASAP on Feb 05, 2024 11:52am

This post has been removed in accordance with Community Policy

Comment by CommonCents123 on Feb 05, 2024 12:28pm

Don't believe you...no credibility. Sherritt's a solid $0.29 today.

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Comment by Contrarian333 on Feb 05, 2024 3:39pm

If you were awake you could have bought the PIK bonds at 9 cents on the $1.00 and sold them for 73 cents on the $1.00. Too much complaining, and not enough critical thinking and decisive action when the opportunity presents itsself. Next time.

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