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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.

OTCPK:NNDIF - Post Discussion

Noranda Income Fund Unit > Good luck to everyone
View:
Post by Stocker55 on Feb 28, 2023 10:13pm

Good luck to everyone

I would have liked to have gotten more too, we all know the plant was worth a hell of a lot more than the offer. But after the disidents supported the revised offer..ther was nowhere left to go.
We would have had no new elected board on March 28th....and I am confident the old trustees would have done some crazy dilution deal with Glencore and reduced our stake to virtually nothing.
1.98 was better than nothing.

Good luck to all of you in the future with your investments.
If any of you ever are about to invest in something with connections to Glencore ......walk the other way, they are poison.

And to the guy who posted earlier that he sold when the cell house thing was reported and the SP dropped to 40 cents.....
I am sorry for you man....you really got screwed.
I know it's easy for me to say but trust me ...let it go... it is not worth the mental stress.
Try and move on and forget it and look for new opportunities...
There will be plenty of them in the future.
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