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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 > Why woudl I ever invest in Noranda? Help please
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Comment by schocoron Nov 27, 2020 6:33pm
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Post# 31993067

RE:RE:RE:Why woudl I ever invest in Noranda? Help please

RE:RE:RE:Why woudl I ever invest in Noranda? Help pleaseThanks for the feedback on my question guys. So - obviously - what we need here is a TC of $200-300 to get us back to profitability/dividend. Makes sense. Question: assuming we DO NOT get back to that level for say 1 year; how strategic an asset/partnership is this to Glencore and would they support Noranda with some kind of an advance etc. I am trying to understand how real a risk of bankruptcy is with this company. Long term, they are not making too many new zinc smelters; especially outside of China. I can see a scenario where this investment is a good long term one - Per Buffet and Graham's recommendations. WE just need more zinc concentrates hitting the market to get that price up.
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