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Bullboard - Stock Discussion Forum Noranda Income Fund Unit NNDIF

Metals & Mining Industrial Metals & Minerals
Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.

Bullboard (OTCPK:NNDIF)

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Post by rjb1954on Jan 10, 2023 5:10pm

Volume

Roughly 2MM shares have traded in the last 2 days with huge bids. Is Glencore allowed to buy shares on the open market as a way to get to their magic number? Don't they have to declare any ...more  
187
Discussion
Comment by schocoron Jan 10, 2023 4:51pm

RE:RE:Eric can you do us all a solid?

IMHO, the game the current board is now playing is to gaslight us into thinking that without this offer from Glencore bankruptcy or highly dillutitive equity financing are the only options avaiable to ...more  
146
Discussion
Comment by JCWon Jan 10, 2023 4:23pm

RE:Eric can you do us all a solid?

Hard to imagine that the incremental amount of cash from this offer would be of interest to any investor conpared to the potential with a new board .....kind of a no brainer!  No for my vote ...more  
107
Discussion
Post by Scotch12on Jan 10, 2023 4:13pm

Eric can you do us all a solid?

Eric wrote, "So you can consider the same group even if it's not the same persons because action noranda support Riverstyx Capital Management and LM Asset Fund's ...more  
175
Discussion
Comment by Deev86911on Jan 10, 2023 3:24pm

RE:RE:What a real independent board does

I agree under five dollars is a no for me and I definitely want a new board
88
Discussion
Comment by Deev86911on Jan 10, 2023 3:22pm

RE:RE:RE:RE:RE:RE:AMF

Thank you, Erric
82
Discussion
Comment by Eric1212on Jan 10, 2023 3:17pm

RE:What a real independent board does

It's mostly why under 5 $ per unit, everyones should agree to say no. Over 5 $, i would understand somes say yes.
90
Discussion
Comment by Eric1212on Jan 10, 2023 3:16pm

RE:RE:RE:RE:RE:AMF

It's only dormant for the moment are AN doesn't lead this situation, that's why. I considered your count. ;) 
68
Discussion
Comment by Eric1212on Jan 10, 2023 3:14pm

RE:RE:RE:RE:RE:AMF

It's represent roughly 2 400 000 - 3 000 000 shares. But the lead is up to the group represented by Riverstyx Capital Management and LM Asset Fund, i do talk to them time ...more  
98
Discussion
Post by ZincDinkon Jan 10, 2023 3:01pm

What a real independent board does

https://www.paidpromotionalmessages.com/companies/news/69243/xstrata-pulls-out-of-possible-acquisition-of-noranda-income-fund-8099.html So back in 2009, the inedpendent board rejected the 3.9 offer ...more  
157
Discussion
Comment by Deev86911on Jan 10, 2023 2:28pm

RE:RE:RE:RE:AMF

I tried to add myself to action, Noranda and seems to be something wrong with the site I'm trying to add my 211,208 count of shares I don't have a share certificate but I took a picture of my ...more  
97
Discussion
Comment by schocoron Jan 10, 2023 1:11pm

RE:RE:RE:RE:AMF

"Action Noranda" - eric can you tell me more abou thtis group; a second dissident group I gather? Is this something others - like myself - can sign up to or larn more about? Thasnk 
89
Discussion
Comment by Eric1212on Jan 10, 2023 1:03pm

RE:RE:RE:AMF

Actually, 22 / 100 (The big group) less 25 / 100 (Glencore) meaning 22 / 75 then reported to percentage, it's 29.33 / 100 of minority shareholder. That just plain mathematics. The issue here is ...more  
106
Discussion
Comment by schocoron Jan 10, 2023 11:58am

RE:Call this AM with - Anthony Lloyd - Independant Director

Sorry and one final thing; i gleaned from the call that no conversations (at least meaningful ones) have taken place between the current board of directors and the dissident shareholder group ...more  
111
Discussion
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