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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: NNDIF

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

Comment by Paykel2on Jan 12, 2023 12:58pm
118 Views
Post# 35218809

RE:RE:RE:more re. valuation

RE:RE:RE:more re. valuationI am a small investor who has held the stock through thick and thin over the last several years and by no means an expert.

Here are a few thoughts that I hope someone more qualified could comment on:


  • The Institutional investors that have some clout called the meeting to replace the board of independent directors that would happen after this deal goes through apparently.
  • The institutional investors are fighting this deal at the current offering, and it makes sense to me that they will try to jack up the offering.
  • Regardless of what anyone thinks about the TD analyst, his high range on the valuation of Noranda is slightly less than $2 per share. Even if Glencore agreed to up the anti, I doubt it would be higher than that.
  • Someone is buying after the news and price jump; can anyone figure out who it is or the motivation?
Can small investors collectively make any difference here? Or are we all blowing hot air waiting for the outcome?

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