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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
Comment by ZincDink1on Nov 10, 2017 1:01pm
113 Views
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.
Bullboard Posts