Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > TDW adopts realistic outlook...
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(25)
•••
Comment by ljp0101on Oct 26, 2022 9:16am
76 Views
Post# 35049180

RE:RE:RE:RE:RE:TDW adopts realistic outlook...

RE:RE:RE:RE:RE:TDW adopts realistic outlook...Problem with the net-net line of thought is the starting point on a going concern basis. Company has said environmental liability is larger than balance sheet mark if they close and implied liquidiation value is nil. I don't endorse this view but that's Glencore's argument and can be used to justify any shenanigans.

Wonder if they'll be able to access Canada's cheap green financing. Seems borderline but there are viable arguments around power efficiency I think. There may be a way forward without crazy dilution but depends on government, banks, and management pulling together.
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities