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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Comment by ZincDinkon Jan 12, 2023 2:47pm

RE:RE:RE:RE:more re. valuation

If deal goes through, no need to change the board as GC will have full control The offer is outrageously low, very few would be in the money at the current offering.You bet the funds want a much ...more

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Comment by Paykel2on Jan 12, 2023 12:58pm

RE:RE:RE:more re. valuation

I 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: ...more

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Comment by schocoron Jan 12, 2023 11:36am

RE:RE:more re. valuation

I spoke with one of the independant directors on Tuesday. He confirmed to me that Glencore was the ONLY takeout option that this board explored. He said they "discused" bankruptcy as well as ...more

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Comment by JCWon Jan 12, 2023 11:04am

RE:more re. valuation

From a smaller shareholder...thanks to all the "obviously" knowledgeale posters who are close to this situation. Your posts show just how preposterous this situation is and how badly GC has ...more

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Comment by Scotch12on Jan 12, 2023 11:01am

RE:more re. valuation

Good post RJK, do you have an accounting background? I don't take the TD analyst seriously as he has, in my experience, always been behind the curve. However, the market clearly ...more

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Post by rjk1234on Jan 12, 2023 10:09am

more re. valuation

a) Over the 5 years 2017 to 2021 Capital Expenditure was $USMillion(47+28.3 + 21.8 +19.6 +16.2) for a total of $US133 Million or ~$Cad 3.65 per unit. b) from the Q3-2022 balance sheet at Sept.30 ...more

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Comment by ZincDinkon Jan 11, 2023 11:11pm

RE:RE:I really don't understand the low valuations

Thank you. I reluctantly tender my shares at $ 40, lol. Really, no reason why this shouldn't be at 10 once we have a board that works for us...not just the minority shareholder.

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Comment by Eric1212on Jan 11, 2023 8:57pm

RE:I really don't understand the low valuations

How much would you pay for 200 M$ in EBITDA? Aproximatively 40 $ per unit.

Discussion

Comment by wizthewizon Jan 11, 2023 7:29pm

RE:RE:RE:RE:New Flash report from TDW

Eric, good to read your offerings here again. What you say makes make sense. Good to have your perspective.

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Post by ZincDinkon Jan 11, 2023 7:23pm

I really don't understand the low valuations

I really don’t understand thinking about some of the low valuations. Really, kind of perplexed, hoping someone can show the error in my thinking. They had 40 M$ EBITDA with very poor production last ...more

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Comment by wizthewizon Jan 11, 2023 4:48pm

RE:RE:RE:RE:New Flash report from TDW

Eric, good to read you offerings here again. What you say makes make sense.

Discussion

Comment by wizthewizon Jan 11, 2023 4:46pm

RE:Cost 750 MUSD to build similar plant in China

Glencore was braging about 6-7 years ago about controlling world zinc prices after it claimed to own about 5% of the total zinc assets--enough to give them the leverage they needed. I genrally make ...more

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Post by ZincDinkon Jan 11, 2023 2:55pm

Cost 750 MUSD to build similar plant in China

So, what is a new plant worth. Zhuzhou group had to rebuild plant due to pollution concerns for a cost over 750 MUSD (just over Billion Canadian). So, who would buy the plant? Apparently, China no ...more

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Comment by schocoron Jan 11, 2023 1:14pm

RE:RE:RE:RE:New Flash report from TDW

Your question is a good one Eric; and to be honest I am not really sure how I can up with that figure. Numbers are funny that way sometimes but I will try to examine my thinking. Refurb ...more

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Comment by Eric1212on Jan 11, 2023 12:57pm

RE:RE:RE:New Flash report from TDW

Why 2.25 $ ? That's a 112 500 000 $ Valuation. So you expecting that the potential of this business is an ebitda arround 12 M$ per year ? I often say 5 $ but still, this is ONLY ...more

139

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