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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 Bigbird9999on Apr 17, 2019 12:05pm
128 Views
Post# 29638472

RE:TD Increases Target

RE:TD Increases TargetHave a look at my posts below on April 7 and April 11.  TD is sqying pretty much exactly what I stated then.
TC >$200
No dividend this year as they will use Increased revenue to pay down ABL debt Currently $133 million
Distributable income of >50 cents CAD per share when they start distributing.

Target SP $4 - $5 is not unreasonable.

BB
Bullboard Posts