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Bullboard - Stock Discussion Forum Noranda Income Fund Unit 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.

Bullboard (OTCPK:NNDIF)

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Post by schocoron Feb 01, 2023 2:40pm

Cost of Special review - $7M - Not Including Break Fee

Another key note from the circular.  The estimated costs of the special review, valuation, lawyers, etc is $7m. This does NOT include the break fee of $2.1M....which I include in MY total as I ...more  
Post by schocoron Feb 01, 2023 2:36pm

Glencore and Directors - 10% of Priority Units Gets 7 Seats

So I was reading the circular last night and I found this gem (page 29 and paraphrased below).  "If Glencore owns more than 10% of the outstanding Priority UNits, they get to elect 7 ...more  
Comment by wizthewizon Feb 01, 2023 1:46pm

RE:special meeting info circulat

NOt "weird." Its skullduggery!
Post by BSdetector2016on Feb 01, 2023 9:48am

Zinc smelting

uses a lot of power. Where is electricity cheap and plentiful? That's right - Quebec. Don't let Glencore fool you...
Post by schocoron Jan 31, 2023 11:02pm

special meeting info circulat

So i have downloaded a copy if the management circular for the upcoming special meeting in the buyout. Per the management minuites surrounding the buyout (page 22-25): get this: 1)Glencore ...more  
Comment by schocoron Jan 27, 2023 2:21pm

RE:When does voting start?

The circulars with the voting slips on the buyout proposal shuold now be in the mail; expecting to recevie next week. Once you recevie this slip, you can vote.  You can fill out the slip and ...more  
Comment by Deev86911on Jan 27, 2023 2:20pm

RE:When does voting start?

I'm still waiting to receive mine as well
Post by felix10on Jan 27, 2023 2:11pm

When does voting start?

The last release from the Board says vote now. But we can't vote yet, can we? Do we have to wait to get the info in the mail? Thx.
Comment by Deev86911on Jan 27, 2023 1:22pm

RE:Volume Comment - Director Voting

I will definitely be voting no to the offer and yes for new board of directors
Post by schocoron Jan 27, 2023 12:41pm

Volume Comment - Director Voting

Jan 27th is the record date for unit holders to vote in the election of new directors on March 28th.  Today being the 27th, we see some pertty low volume (2500 shares as of this note) compared ...more  
Comment by JCWon Jan 26, 2023 12:26pm

RE:Trifigura Paid 5 % of value for Nyrstar, Can GC duplicate ?

Hard to believe that GC can try to dupe NIF investors with such ludicrous rhetoric in their proposal! If the outlook is so poor why do they want to take it private?? .... Because it has enormous ...more  
Post by ZincDinkon Jan 26, 2023 11:50am

Trifigura Paid 5 % of value for Nyrstar, Can GC duplicate ?

Nyrstar shareholders got screwed over by Trifigura paying only 5 % of the value by bankrupting the company. It must bother some senior GC executive that they can't seem to do the same now to NIF ...more  
Post by rjb1954on Jan 26, 2023 11:18am

Press Release

The sense I get from the tone of the Press Release today is that GC is getting desperate. Good!!!
Comment by schocoron Jan 26, 2023 10:49am

RE:RE:RE:RE:RE:RE:RE:RE:Outlook

Things are quite dire. A new board is the first step in turning this around. GLencore wants to pay us the value for this smelter two years ago; well things have changed quite a bit in the last two ...more  
Post by schocoron Jan 26, 2023 10:46am

The Game of Chicken Continues

I will say that I really expected Glencore to raise their offer before they filed the paperwork. I was wrong about that.  GLencore also seems to have upped their negative prospsects facing the ...more  
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