OTCPK:NNDIF - Post by User
Comment by
Joe455on Apr 29, 2022 1:42pm
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Post# 34643023
RE:rough quarter
RE:rough quarterschocor wrote: pretty rough quarter. production was low, as expected.
derivitive loss of $17m was as expected as well i guess.
they stated that the contract with glencore for may21-apr22 was not negitoated and that there were getting the fallback spot price which they state is $175/t. i thjnk glencore will want to get thst contract signed ASAP, but noranda should liks in at a good price for the period.
i think this will trade down after the crummy production, but i can see brighter days ahead - next 12 months.
Derivitives bite a lot of companies in the @ss.