OTCPK:NNDIF - Post by User
Comment by
ZincDink1on Nov 10, 2017 1:01pm
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Post# 26940866
RE:No actual reduction in shareholder value
RE:No actual reduction in shareholder valueI beg to disagree. If we look at the owner equity
Q1 242 $M Cad
Q 2 250 M$ Cad
Q 3 180 M$ US, converts ~ 230 M$ Cad
To be fair, this is pretty close to 2016 when you throw in all the asset impairment charges.
Bottom line is this has become a zero sum game, where we get to hold 70 % of the plant, while GC scoops off any gravy for themselves.
Still hoping for a buyout, but until we get agressive and push back, why not just sit back and let us suckers watch their savings evaporate.