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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 Apr 26, 2019 12:30pm
95 Views
Post# 29675231

RE:RE:RE:RE:RE:RE:RE:Q1 Earnings

RE:RE:RE:RE:RE:RE:RE:Q1 EarningsThere is a good reason why EBIT is 17 to 55, they can't seem to forcast Zn prices worth sh*t.. Maybe they should forcast -55 to + 55 M$ to improve the accuracy.

Mind you, the volatility in Zn pricing would make the oil guys blush. Could you imagine they used the same preforward strategy in say Pd? Would have costed us bigly.

Normally, you do lose money on hedges but its to avoid catastrophic loses. I am sure GC said you should sell us the Zn now at the higher price - time to get a better person in derivatives.

They still have the smelter listed not at a bargin basement but a dust bin price. I would love Korean Zinc to come in, but I am sure they have a gentlemens agreement with GC
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