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Bullboard - Stock Discussion Forum Noranda Income Fund Unit 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.

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Bullboard (OTCPK:NNDIF)

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Comment by Compypaulon Jan 24, 2023 12:12am

RE:RE:Globe Headline about Noranda?

Yeah, I just saw the word "Noranda" in the headline and imagined with all the bad news from the last few years, that there was more to come. Thanks for clarifying.

Discussion

Comment by Stocker55on Jan 23, 2023 8:06pm

RE:Globe Headline about Noranda?

Considering the article you have highlighted concerns a copper smelter in Rouyn-Noranda, Que which is nowhere near the Zinc smelter located in Valley field, Que of which is NIF.UN..... I don ...more

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Discussion

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Post by Compypaulon Jan 23, 2023 7:49pm

Globe Headline about Noranda?

A Quebec city, fearing arsenic in the air, presses the province to get tougher on Glencore smelter Anyone want to weigh in on how/whether this will affect NIF.UN?

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Discussion

Comment by schocoron Jan 23, 2023 1:46pm

RE:RE:RE:RE:Vote calculation

The $2.1M break fee is nothign to Glencore; but it is Noranda shareholders who have to pay it if this deal is voted down. I am curious to know who has been selling shares at the $1.40 mark ...more

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Discussion

Comment by Scotch12on Jan 23, 2023 1:10pm

RE:RE:RE:Vote calculation

Good post Eric. I believe that Glencore made the offer because they hate the idea of losing control of the board. It may be hubris, but I think the market has it wrong (hence ...more

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Discussion

Comment by Eric1212on Jan 23, 2023 12:05pm

RE:RE:Vote calculation

" Required unitholder and court approvals: The transaction will become effective only if, at a special meeting of unitholders called to consider the transaction, it is approved by (i) 66 and ...more

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Discussion

Comment by Scotch12on Jan 22, 2023 7:40pm

RE:Vote calculation

I interpreted the PR to mean that, we just need a simple majority, or 50% of the non- Glencore unit holders who actually vote. Not 50% of the outstanding non Glencore shares. Anyone else ...more

153

Discussion

Post by Bwrbhkon Jan 22, 2023 4:50pm

Vote calculation

In order to defeat the Glencore takeout, we need 18.8 million votes against the proposal. Since the announcement, 3.7 million shares have traded and the new owners will not be able to vote their ...more

331

Discussion

Post by rjk1234on Jan 22, 2023 3:49pm

Value of the NIF land

According to the description of the NIF business at the URL https://www.marketscreener.com/NORANDA-INCOME-FUND-1411009/company/ “the Processing Facility ..... is located in Salaberry-de ...more

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Discussion

Comment by ZincDinkon Jan 14, 2023 10:18am

RE:RE:the whole thing reaks

Don't forget the 73 M$ gain in hedges

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Discussion

Comment by rjk1234on Jan 13, 2023 10:13pm

RE:the whole thing reaks

good summary Scotch! What do they mean by "highly leveraged"?? From the Q3-2022 balance sheet it looks like they could wind it all up, sell the inventory ($220Mm), pay off ...more

219

Discussion

Comment by schocoron Jan 13, 2023 4:05pm

RE:RE:Todays PR - Contracts and Terms

LIkely computershare will conduct the votes. Yes Glencore is shady, but you honestly dont need to worry about the vote count. It will be conducted failrly and independently.

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Discussion

Comment by rjb1954on Jan 13, 2023 4:02pm

RE:Todays PR - Contracts and Terms

Who is conducting the shareholder vote, and how do we know it will be fair?

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Discussion

Comment by JCWon Jan 13, 2023 2:54pm

RE:RE:Todays PR - Contracts and Terms

It is hard to believe that GC can get away with such unscrupulous behaviour ... their actions and rhetoric is always slanted toward their own interest and at the expense of the other unitholders ...more

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Discussion

Comment by Eric1212on Jan 13, 2023 2:12pm

RE:Todays PR - Contracts and Terms

There is so many things doable.. And yes, changing the structure from a fund to a compagny is one of them... Making a end to the current contract regarding the article 77 of the competition act is an ...more

164

Discussion

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