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Bullboard - Stock Discussion Forum Noranda Income Fund Unit NNDIF

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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Comment by JCWon Dec 20, 2022 10:59am

RE:RE:RE:Shock to the upside!

I too will take this div (with thanks) and hope this is not the end of "returning value to the shareholder". Need we remind some of the Insiders with "major" holdings that this div ...more  
Comment by schocoron Dec 20, 2022 10:31am

RE:RE:Shock to the upside!

I for one did not expect the $.03 dividend this year; but I will take it.  It kind of feels to me like the CURRENT BOD is trying very hard to show that they care about unitholders after the ...more  
Comment by Scotch12on Dec 20, 2022 9:16am

RE:Shock to the upside!

I assume you are talking about the 3 cent dividend just announced? https://www.stockwatch.com/News/Item/Z-C!NIF-3345581/C/NIF
Post by wizthewizon Dec 20, 2022 8:54am

Shock to the upside!

After so many shocks to the downside, this is indeed a surprise. Now if they just stop listening to Glencore and repay the last 5 years of dividend, they might just begin to get set straight!
Comment by schocoron Dec 15, 2022 10:57am

RE:Looking ahead

Electing 4 new directors in late March will give them a little - not a lot - of time to negotiatiate a new contract with Glencore. The existing contract 60/40 negotiated/spot expires May 1st. The ...more  
Comment by Scotch12on Dec 15, 2022 8:55am

RE:RE:Looking ahead

I have no confidence in Glencore being motivated to do the right or ethical thing. However, they could face lawsuits if they use the next few months to screw shareholders.   Glencore paid ...more  
Comment by ljp0101on Dec 15, 2022 1:05am

RE:Looking ahead

The IDs will all be replaced. NIF and Glencore know this is fait accompli so it's dissapointing they didn't call the meeting sooner. Problem with meeting date is it gives Glencore an option on ...more  
Post by Bwrbhkon Dec 15, 2022 12:23am

Looking ahead

The plant is up and running again and there will be a shareholder meeting in March to determine who the independent trustees will be.  If it goes to a vote, it is almost certain that the ...more  
Comment by schocoron Dec 14, 2022 5:41pm

RE:Press Releases

Yes I read the press releases too and came to the same conclusion; talk is cheap and the independant directors have proven themselves to be incompetent and under invested in the board of the company ...more  
Post by JCWon Dec 14, 2022 5:36pm

Press Releases

Some nice words and very welcome!! However, opporunities to return value to shareholders have probably never been as large or ongoing as within recent years and yet there has been a continuing ...more  
Comment by Bwrbhkon Dec 14, 2022 4:48pm

RE:21 Days to Respond - Tomorrow?

I think that it may be business day, but not sure.  Also, It is 6 weeks since Noranda announced a 4 to 6 week shutdown to make repairs to the cell house.  
Post by schocoron Dec 14, 2022 3:24pm

21 Days to Respond - Tomorrow?

The Noranda board has 21 days to respond to the minority shareholders request for a meeting. If my math is right - that woudl mean we are due a response this week.  There are really only two ...more