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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 rjk1234on Oct 26, 2022 12:00pm

sell it?

Capital expenditures (CAPEX) were $US Million 47, 28.3, 21.8 and 19.6 for 2021, 2020, 2019 and 2018 respectively, for a total CAPEX of $US 116.7 Million over the last 4 fiscal years. Management’s ...more  
Comment by BSdetector2016on Oct 26, 2022 10:37am

RE:RE:RE:RE:RE:RE:RE:TDW adopts realistic outlook...

How about an equity issue? $100M/$0.35 = 285M new shares. This isn't investable, at least as an income instrument. Glencore will do what it does best and mop up the interest that it doesn't ...more  
Comment by Bwrbhkon Oct 26, 2022 9:33am

RE:RE:RE:RE:RE:RE:TDW adopts realistic outlook...

If they spend $100 million to replace the cell house, it will be the lowest cost zinc refinery in the western world and probably lower cost than many Chinese refineries.  The major uncertainty is ...more  
Comment by ljp0101on Oct 26, 2022 9:16am

RE:RE:RE:RE:RE:TDW adopts realistic outlook...

Problem with the net-net line of thought is the starting point on a going concern basis. Company has said environmental liability is larger than balance sheet mark if they close and implied ...more  
Comment by Bwrbhkon Oct 26, 2022 8:40am

RE:RE:RE:RE:TDW adopts realistic outlook...

All of the debt and current liabilities are more than covered with the current assets.  The shares are trading at less than the net-net working capital (working capital less all liabilities) per ...more  
Comment by JCWon Oct 25, 2022 9:33pm

RE:RE:RE:RE:TDW adopts realistic outlook...

Thanks Eric, your perspective and knowledge are very much apprciated!!  Difficult to imagine what options might exist.......
Comment by Eric1212on Oct 25, 2022 7:03pm

RE:RE:RE:TDW adopts realistic outlook...

Actually, it's 25 M$ + debts.     BUT, does it's really worth 25 M$ + debts !? That is the question... Most probably, the value is somewhere arround 700 M$ with equipments. & ...more  
Comment by ZincDinkon Oct 25, 2022 2:49pm

RE:RE:TDW adopts realistic outlook...

The only thing right in that analysis was this has been the best market conditions in years and NIF is going to be missing out on a lot of it. Amazing how sentiment has changed on this. Remember the ...more  
Comment by ZincDinkon Oct 25, 2022 2:38pm

RE:The Glencore stink bid is coming

Ha ha, the stink bid was 2.5,. At todays price, you could shut down sell the metal for scrap, sell the land $ 1 per acre and be money ahead.
Comment by Bwrbhkon Oct 25, 2022 2:25pm

RE:TDW adopts realistic outlook...

The TD analyst has never been right on his Noranda recommendation.  
Post by JasonBillyon Oct 25, 2022 2:18pm

TDW adopts realistic outlook...

Wonder what took so long. NIF featured in today's Action Notes. This time I copy/pasted the textual content, omitting financials which I don't understand anyway: . . . . . . . Noranda ...more  
Post by BSdetector2016on Oct 25, 2022 1:01pm

The Glencore stink bid is coming

Bye bye pesky shareholders.
Comment by ZincDinkon Oct 25, 2022 11:09am

RE:RE:RE:RE:Where are Eric and Bigbird?

Look what the Australian government did. https://www.nyrstar.com/resource-center/press-releases/new-electrolysis-plant-to-secure-future-of-zinc-refining I am sure we can count on our government to ...more  
Post by ZincDinkon Oct 25, 2022 11:06am

At todays price - this will be a 10 bagger next 4 years

So, with the 100 M$ investment in the cell house, we finally learned what the last upgrade will need to be taken before GC buyout. Reminder, a plant this size is over a 1 B$ investment to build. The ...more  
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