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Sherritt International Corporation (S.TO)
Toronto - Toronto Real Time Price. Currency in CAD
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At close: 03:58PM EDT
449 reactions on $S.TO conversation
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At some point this will bounce up again. It will cycle. To see the $15 a share again not likely but to hit $1 probably. As long as it has right the investment will be there
You’re running out of time
Not easy to find viable nickel and cobalt companies with an SP with an upside potential. I've oberved Sherrit activities along the Varadero Havana road. I worked in a Sherritt mine and concentrator in the 70s.
Covid meme stocks are done. Time to invest not gamble. Buy dips and look back in 10 years. Metals will be needed and prices will continue to rise. Ups and downs in between are not relevant. Find a company you think can be successful and invest into that. You won’t lose with a solid business as long as you are patient. If your not try a lottery ticket
1st quarter EPS $0.15... if these commodity prices hold (nickel, colbalt, fertilizer) then likely more than $0.60 EPS for the year. Not bad for a stock currently trading at $0.70/share. With current earnings they could pay off their debt within a year or buy back all of their shares within a year. Of course they won't as they will spend money on getting the mine and refinery back up to snuff but it's worth thinking about as an investment if you think these nickel prices are sustainable.
How about some news.
I'm a bit excited for Q1 earnings. I think it'll be a positive turning point for S.
I am an unhappy Sherritt bondholder. Their bonds are worthless. The company is currently taking advantage of this situation with an offer to buy back its bonds at a fraction of the purchase price. This is the second time the company is squeezing bondholders in recent years. Sherritt bonds really are junk bonds.
Waiting for $0.4/share
Should get a boost tomorrow
2 more weeks to release Q1
Nickel is one of main mines produced by Sherritt International and Nickel is going to record highs now!. EV car manufacturers from US, Canada, China and all over will eat up the Global Supply of Nickel and soon enough - Nickel Price will probably double by early next year and thats insane because now everyone is going for Electric Vehicles! So that is what has been the catalyst to this Sherritt's share price going up.
Not a terrible Earnings Report. Sounds like they are holding out for better nickel prices before they make a push. Q3 shutdown should effect their numbers slightly but not worried. The donation of $250k for vaccine efforts in Cuba was also a nice gesture. I’m still holding out for reforms in Cuba or for a deal to be made in exchange for access to their nickel mines. Cuba has the 4th largest nickel deposit in the world and it’s at the US’s doorstep.
What ONE reason can someone cite for keeping operations in Toronto when ALL their interests are in Fort Saskatchewan Alberta. Tons of efficiency and incentives just waiting with open arms?
and here we sit at $0.50/share when deals like this are going on...
Tesla’s Deal on Nickel for Batteries Should Raise Eyebrows
Like it or not, the electric-vehicle pioneer Tesla is ahead of the curve. A nickel- supply deal with the mining company BHP is the latest example.
BHP Group (ticker: BHP) disclosed the agreement Thursday. “Demand for nickel in batteries is estimated to grow by over 500 per cent over the next decade, in large part to support the world’s rising demand for electric vehicles,” said BHP Chief Commercial Officer Vandita Pant in the company’s news release. “We are delighted to sign this agreement …and to collaborate with them on ways to make the battery supply chain more sustainable through our shared focus on technology and innovation.”
for the EV battery market, the biggest shortfall is nickel right now!!. lithium is also going to be heavily needed too. look at lac.to great pic as well.
EV quality nickel will be at a premium for years to come. and sherritt will benefit huge from this.
just from the momentum of EV's, it will drive this stock up to the moon.
short term TP is $2
Just wait. US will have to remove trade sanctions with Cuba when they realize that 1/3 of the world's cobalt reserves are sitting right there in their backyard. Get in now while the SP is below $1.00 in 5 years this will be a 10X gain.
Momentum and volume big time. Somethings up, and soon price to follow. This could be huge. Buying pressure is amazing.
Who thinks that the second quarter results will show a profit?
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