Noranda Income Fund Unit T.NIF.UN

Primary Symbol: NNDIF

Metals & Mining Industrial Metals & Minerals

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

Noranda Income Fund Unit

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Comment by ZincDink1on Nov 11, 2017 5:32pm

169 Views

Post# 26946034

RE:RE:RE:RE:RE:RE:RE:No actual reduction in shareholder value

If this is the best we can do, I think it is time to shut down the mill and sell the land. Clearly NIF thinks the mill isn't worth much, so who am I to disagree.

It was a mistake to let them continue investing our dividends into upgrading the mill. We can't change that, but we can certainly liquidate and have someone else make better use of the land.

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