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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: 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

Bullboard Posts
Post by ZincDink1on Oct 03, 2017 9:16am
200 Views
Post# 26769792

Hope the company can keep going

Hope the company can keep going
This result was horrendous for everyone.

I hope they can keep the plant running, but I doubt they can do it for ever with the current staff.

Last time this happened was a pulp mill out in Prince Rupert. The difference was the pulp mill wasn't in great shape, but the union refused to give concessions on cost. That mill is rotting away along with much of the town.

Then there was the great steel strikes back in England that didn't end well for anyone.

I think the TD analyst figured the plant closure and sale of land would still bring a share value north of $ 2.5, so I will hold for now, at least to see what this quarter brings.

97 %. Unbelivable.
Bullboard Posts