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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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Comment by Bwrbhkon Aug 28, 2022 6:46pm

RE:RE:Spot Zinc TC at $555 USD? Can Somebody Confirm?

SMM News estimate that spot TC's for imported zinc concentrate in China recently increase from $165/t to $210/t.  The high for the year was $240/t in May.  They usually report a range of ...more  
Comment by ZincDinkon Aug 26, 2022 12:13pm

RE:The Hindustan Gods are angry....

Dying from acid burns is not a death I would wish on anyone.
Comment by ZincDinkon Aug 26, 2022 12:05pm

RE:Spot Zinc TC at $555 USD? Can Somebody Confirm?

Well, like everything around zinc pricing, its complicated. Asian Metal shows prices actually retracted a bit but that would have been from the run up in the spring. They also show a story about Zinc ...more  
Post by galvanizedon Aug 26, 2022 1:17am

The Hindustan Gods are angry....

Looks like yet another zinc smelter is out of action for a while... https://www.indiatvnews.com/news/india/rajasthan-dead-injured-lightning-strikes-acid-tank-at-zinc-plant-2022-08-12-799576
Post by schocoron Aug 24, 2022 12:44pm

Spot Zinc TC at $555 USD? Can Somebody Confirm?

I was looking for a spot Zinc TC. I found that it was $555 port Shaanixi. Can somebody confirm this for me? I belivee out contract with Glencore this year is 60% fixed/40% variable. At $555/tonne ...more  
Post by galvanizedon Aug 23, 2022 6:41pm

Boliden on Strike

Nice of these guys to volunteer to take an unpaid vacation, since the company can probably make more money by selling their electricity contracts, rather than operating their zinc smelter. https ...more  
Post by ZincDinkon Aug 22, 2022 1:48pm

Oh No!!!! China having electricity problems!

https://www.theguardian.com/world/2022/aug/22/china-drought-causes-yangtze-river-to-dry-up-sparking-shortage-of-hydropower?CMP=Share_iOSApp_Other Lets see if our intrepid management team can grasp ...more  
Comment by Scotch12on Aug 21, 2022 4:27pm

RE:CEZinc listed...

Here is a translation of most of it: The Horne Foundry in Rouyn-Noranda is not the only one to benefit from a right to pollute beyond the standards. In total, the Government of Quebec has signed ...more  
Post by Eric1212on Aug 21, 2022 2:09pm

CEZinc listed...

For everyones that can read french : https://ici.radio-canada.ca/nouvelle/1905872/attestations-assainissement-89-quebec   Otherwise : CEZinc is listed on a list with a lots of Kruger, Cascade ...more  
Comment by schocoron Aug 16, 2022 4:35pm

RE:Pick the next to die

Order to Retire: 1> Nordenham, Germany 165kt (Sept 1st)  2> Balen, Belgium 200kt (Oct 1st)  3> Auby, France  172kt (Oct 1st)  4> San Jan de Nieva, Spain ...more  
Post by galvanizedon Aug 16, 2022 4:17pm

Pick the next to die

Nyrstar:   Auby, France  172kt   Balen, Belgium 200kt Glencore   San Jan de Nieva, Spain 510kt   Nordenham, Germany 165kt Rest in Peace:  Portovestme, Italy 110kt   ...more  
Post by Bwrbhkon Aug 16, 2022 11:20am

Zinc smelter closure

Nystar's Budel zinc smelter to close, removing about 300,000 tonnes of capacity from the market.  Very positive for Noranda.
Comment by Scotch12on Aug 16, 2022 9:12am

RE:RE:Noranda Outlook

LJP I don't buy the book value argument either but more so because you can get fair value for the smelter because of Glencore. It is a company of dubious ethics that has no compunction abut ...more  
Comment by ljp0101on Aug 16, 2022 7:44am

RE:Noranda Outlook

NIF is sitting on a huge hedging loss in Q3 even with the price move today. TCRCs don't really matter quarter to quarter. Book value isn't synonymous with liqudiation value. Book is on a ...more  
Comment by schocoron Aug 15, 2022 1:54pm

RE:Noranda Outlook

This issue is that they can't actually run their plant well at the moment. The $4+ book value is - in my mind - probably a little low when you want to look at replacing a refinery of this size in ...more  
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