Sherritt International Corp T.S

It was the worst of times...

[Sanguinity]

So, do you want the good news first, or the bad news?

Good news is that Sherritt is still alive.  I was genuinely sceptical it would be at this point.

Bad news is

well let them say it:

• Net loss from continuing operations of $40.9 million, or $(0.10) per share was primarily due to lower average-realized prices⁽²⁾ for nickel, cobalt and fertilizers, partly offset by higher nickel sales volumes.

• Adjusted net loss from continuing operations⁽²⁾ was $24.6 million or $(0.06) per share, which excludes a non-cash $9.1 million revaluation loss on the net receivable pursuant to the Cobalt Swap on updates to valuation assumptions and $3.5 million of severance costs on the restructuring.

Overall revenue down by a third.

A 21 million dollar profit turned into a 22 million dollar loss, quarter vs quarter.

Net loss per share e x p l o d e d from 3 cents to 10 cents.


However, the sun is still shining and Sherritt lives to fight another quarter.  It is however going backwards as it does so.

[Ernieandbert]

This thing will get hammered tomorrow

[Contrarian333]

talking you own interest Ernie...........

[CommonCents123]

Ahh the elusive moonshot still awaits us eh Mr V VerificateASAP rainbows and sunshine .