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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 > Seller
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Comment by Northforce13on Aug 11, 2020 9:06pm
121 Views
Post# 31395735

RE:Seller

RE:SellerTotal shares sold might be > than what Bloom Investment counsel held, so I wonder if it is Extract that has been selling

Might not be a bad thing, they are a passive "go along with the flow" type investor, rubber stamping whatever management does and voting for management. 

I think the company needs a large activist investor to make something happen and address the systematic pillaging of the company by Glencore.   

Hopefully Extract will sell out and someone with some brains and energy will come along to unlock the value in this company.  It could be > 5.00 per share.  

George Armoyan from Clarke would be the type of guy we need, this type of thing is right up his alley.


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