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 > Share Price
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(36)
•••
Comment by Scotch12on Nov 16, 2022 10:57am
80 Views
Post# 35103298

RE:RE:RE:RE:Share Price

RE:RE:RE:RE:Share Price 

LJP, I don’t buy your thesis that there would be too many dissenters to a Glencore takeover.   As I understand it, they would need two thirds of shareholders to agree to it.  It would of course depend partially on the two big shareholders agreeing.   Neither of them has added to their positions since the October announcement that there would be extensive repairs. Both would have a hard time exiting their positions, without a buyout.

I believe that Glencore has no real motivation to buy CEZ.   They have what amounts to a puppet management and what appears, at least on the surface, to be a completely indifferent independent board. Their only real risks is a lawsuit.  I am surprised that nobody has filed a Statement of Claim as it is relatively easy to do and as you imply Glencore would not likely be thrilled with discovery.   Lau is a lawyer but so far appears to be a passive investor.
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities