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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.


OTCPK:NNDIF - Post by User

Post by ZincDinkon Feb 12, 2023 5:31pm
621 Views
Post# 35282281

Do you remember over 300 M$ for plant?

Do you remember over 300 M$ for plant?
Through creative GC accounting, they manged $ 150 M$ in impairments, not including the recent 30 M$ this quarter. Amaxing how quick they can test for impairment, but can't seem to figure out how to restore the impairment cost when the condition no longer exists (i.e. concern of concentrate abundance or lack there of).

I tried to read as much as possible of the circulation, but what comes out is a) our trustees hate any uncertainty b) concern over sheholder value is last thing the trustees concern themselves with.

"Don't wait any longer - vote for arrangement and secure your cash offer today" is missing the line "and help us get giant bonuses for fleecing Canadian investors"

Seems a little bit understated to just say voting no....wish there was the option "get bent, and go f yourselves, no way is this a good deal"
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