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 ljp0101on Apr 09, 2022 5:14am

RE:Snatching defeat from the jaws of victory - Phase 1

I like how PR implies they don't actually know what Q1 production was a week into April. Note they downgraded guidance by 15kt but only ~9kt was lost in Q1 so issue will linger into Q2 numbers, at ...more

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Comment by galvanizedon Apr 08, 2022 10:49pm

RE:Snatching defeat from the jaws of victory - Phase 1

So they all ignored my advice to use galvanized steel face masks and they all caught the COOF in Q1 as a result. Let's hope Q2 goes a little better.....

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Comment by ZincDinkon Apr 08, 2022 6:03pm

RE:Snatching defeat from the jaws of victory - Phase 1

Well, I don't know about your thoughts, but I think its very sporting of the management team to eliminate any cost advantage they had with the European mills, and try and get to the same cost as ...more

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Post by Bigbird9999on Apr 08, 2022 5:42pm

Snatching defeat from the jaws of victory - Phase 1

JUST ISSUED Noranda Income Fund Provides Production Update; Revises 2022 Production Target TORONTO, April 08, 2022 (GLOBE NEWSWIRE) -- Noranda Income Fund (TSX:NIF.UN) (the “Fund” ...more

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Post by felix10on Apr 08, 2022 5:34pm

Production problems

...just when things were looking up. Wonder why there wasn't a news release about this in March? BRIEF-Noranda Income Fund - Operational Challenges At ...more

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Comment by ZincDinkon Apr 07, 2022 1:51pm

RE:RE:RE:Korea Zinc:$230 tonne TC, Plus Price Escelator!

Its a rought calculation based on an annual result. We won't be told the TC and will only get the premium latter, and its uncertain how much we will be chizzeled out of the actual market price.

Discussion

Comment by Scotch12on Apr 07, 2022 1:25pm

RE:RE:Korea Zinc:$230 tonne TC, Plus Price Escelator!

ZinckDink are your calculations based on the new Bench Mark Price for the year. That is, if Noranda gets primarily or entirely spot, does it not reduce the benefit?

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Comment by ZincDinkon Apr 05, 2022 7:31pm

RE:Korea Zinc:$230 tonne TC, Plus Price Escelator!

So, probably an extra 200 per ton on TC and 200 per ton on premium. Should generate north of 60 M$ extra on an annual basis. Going to take another big hit on hedge program. After last years pititfull ...more

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Post by galvanizedon Apr 05, 2022 3:21pm

Korea Zinc:$230 tonne TC, Plus Price Escelator!

I would expect NIF to do just as well as the shortage of Zinc is accute on the Atlantic side. https://www.bloomberg.com/news/articles/2022-04-05/zinc-smelters-win-big-fee-increase-as-cutbacks-throttle ...more

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Comment by JCWon Apr 05, 2022 11:18am

RE:Refreshing upward momentum

Doubt we'll ever seee $5 again.......I too averaged down into the $2s .... Give me my number and I'm gone!! GLTA

Discussion

Post by tzvkumon Apr 05, 2022 11:06am

Refreshing upward momentum

I've been around since the glorious $5 days and regular dividends. I had belief and averaged down to a point where I'm only down 40% at this cost. Are we going back to 2+$ territory? What are ...more

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Post by felix10on Apr 04, 2022 4:11pm

New TD analysis

(Price target is still $1.85...) Noranda Income Fund (NIF.UN-T) C$1.49 Spot TCs Continue to Rise Amid Tight Market Conditions Steven Green, CFA Event Spot Treatment Charges (TCs) have risen again ...more

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Comment by Scotch12on Apr 03, 2022 1:08pm

RE:RE:RE:RE:RE:RE:RE:RE:US Price Premium now 25 to 30 c per pound

I think the idea that CEZ can't disclose the terms of their annual contract negotiations, to shareholders, is very problematic legally if it was ever challenged in court (the secrecy of course ...more

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Comment by ljp0101on Apr 03, 2022 6:55am

RE:RE:RE:RE:RE:RE:RE:US Price Premium now 25 to 30 c per pound

Extract has sat on the register for a long time and hasn't achieved anything beyond that presentation, which refuted key portions of the bullish writeups I've seen including liquidation value ...more

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Comment by ljp0101on Apr 03, 2022 6:13am

RE:RE:RE:RE:RE:US Price Premium now 25 to 30 c per pound

Contango creates structural hedging losses but eyeballing I think it's ~20/t of concentrate worse than normal so not great but one of the smaller moving parts. I don't really think there is a ...more

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