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  5. S: Is it possible for Sherritt to file bankruptcy due to debt and what would happen to assets/operations? [Sherritt International Corporation]

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Q: Is it possible for Sherritt to file bankruptcy due to debt and what would happen to assets/operations? Nickel prices have been poor. They have a complex asset structure entangled with Cuban businesses so it's not foreseeable to be bought out due to political risk but their large refinery in Fort Sask also poses a concern for environmental reclamation to the government.
Asked by manu on September 13, 2024
5i Research Answer:
It is certainly not beyond possibility. Bloomberg default ratio is 7.36%, which is very high for...
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