OTCPK:NNDIF - Post by User
Post by
Scotch12on Feb 26, 2020 1:14pm
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Post# 30736342
Conf Call
Conf Call
On the conference call three retail investors gave management an ear full about the lack of financial transparency particularly around TCs etc. One asked if the replacement value of the plant was between 500 million and a billion and the company executive said he was not sure but that estimate was probably on the low side.
The TD analyst who was incredulous with management on the last call did not ask any questions though there were two other analysts who did.
It came out in one answer that the deadline for next years pricing negotiations is Feb 28. Management said they were not involved in that it was between Noranda and the independent board and that it normally goes down to the last minute. Interesting call, management clearly learning that a lot of investors are fed up with their lack of transparency.