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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.

Bullboard (OTCPK:NNDIF)

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Post by Bwrbhkon Apr 18, 2022 2:02pm

2022 Outlook

With the price of zinc at $2.00/lb. vs. $1.36/lb. last year, spot TC's at around $200/t vs. $80/t last year and zinc premiums at record levels ($0.26/lb. according to TD Securities) vs. the $0.06 ...more  
229
Discussion
Comment by Eric1212on Apr 17, 2022 5:22pm

RE:RE:RE:NIF shareholding’s

According to the trust Indenture, it's need 90 % at least post-transaction for a take-over but it's not question of take-over here.   It's question of making changes to the trust ...more  
181
Discussion
Comment by Scotch12on Apr 17, 2022 5:20pm

RE:RE:RE:Lau/Qwest/LM Asset Fund now controls 11.61% of NIF units

Lau wasa  M&A lawyer, not reading anything into it but looks like they have done well in the investment racket. https://www.bnnbloomberg.ca/ex-lawyers-whose-fund-rose-53-this-year-see ...more  
164
Discussion
Comment by ljp0101on Apr 17, 2022 2:38pm

RE:RE:Lau/Qwest/LM Asset Fund now controls 11.61% of NIF units

Curious they put out a PR and suggests LM has an activist angle. PM is a lawyer by background. Not much of a public background to judge them on. Welcome to Hotel California. They've probably been  ...more  
149
Discussion
Comment by Scotch12on Apr 17, 2022 9:46am

RE:RE:NIF shareholding’s

My understanding is you need 66.67 percent of the shareholder vote for a takeover.  There are 37.5 million shares outstanding not held by Glencore.  Therefore votes representing 12.5 million ...more  
135
Discussion
Comment by Eric1212on Apr 16, 2022 6:54pm

RE:NIF shareholding’s

Both are wellcoming when i'm approching them. Expect somehow 23-24 % as potential block against GlenCore.
109
Discussion
Post by Bwrbhkon Apr 16, 2022 5:04pm

NIF shareholding’s

We now have two funds holding a total of 19% of the outstanding shares.  Could be interesting if a bid is made by GC.
251
Discussion
Comment by ZincDinkon Apr 15, 2022 4:46pm

RE:RE:Lau/Qwest/LM Asset Fund now controls 11.61% of NIF units

Patience can be bitter, but its fruit very sweet. I wonder if they will be able to help us unlock the full value of NIF? Seems like a passive investment. Too bad Elon doesn't buy in and start ...more  
127
Discussion
Comment by Scotch12on Apr 15, 2022 4:30pm

RE:Lau/Qwest/LM Asset Fund now controls 11.61% of NIF units

Your link did not work for me but I found this one  which is the information I believe you were trying to convey.  Thank you for your post. https://www.globenewswire.com/news-release/2022 ...more  
151
Discussion
Post by BigJoon Apr 15, 2022 3:50pm

Lau/Qwest/LM Asset Fund now controls 11.61% of NIF units

As a result of the 800,000 unit purchase on April 13,2022 Lau/Qwest/LM Asset Fund (which are related parties) collectively owns and/or exercises control and direction over 4.35million NIF Units,(11.61 ...more  
308
Discussion
Comment by Scotch12on Apr 14, 2022 9:31am

RE:Buyout coming?

Like all the other longs, I am happy with the  price increase but I believe 800,000 of the shares traded yesterday was an intrafirm  trade with  Paradigm Capital. It was not listed as a ...more  
178
Discussion
Comment by JasonBillyon Apr 13, 2022 6:47pm

RE:Buyout coming?

I don't pretend to understand all that's written in the article below, copy/pasted from today's Globe, but it seems to be appropos your thread opener... . . . . . . . Warning bells ...more  
158
Discussion
Post by ZincDinkon Apr 13, 2022 4:20pm

Buyout coming?

Biggest volume since 2019. Think the GC brain trust is realizing they may have to payout serious coin to shareholders under the current structure...coin that belongs in their pockets, darn it ...more  
197
Discussion
Post by Bwrbhkon Apr 13, 2022 10:18am

Treatment charges for zinc concentrate

Open Mineral estimate that spot treatment charges in China are currently $250/t, up from $225/t the previous month.
115
Post by JasonBillyon Apr 11, 2022 10:22am

TDW Action Note 11 April 22

TDW Action Note copy/pasted below FWIW, not including all the numbers. Apologies for transgressing copyright rules.   Noranda Income Fund (NIF.UN-T) C$1.68   Operational Issues ...more  
208
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