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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 ZincDinkon Oct 14, 2021 1:18pm

RE:carbon tax

Tragedy, considering how the parent company worked so hard to get Nrystar afloat after causing the bankruptcy.
Post by Scotch12on Oct 14, 2021 11:50am

carbon tax

When I read the article below it seems to imply it is not just the cost of the energy to operate the plants that is a problem for Nyrstar but also the carbon tax of certain european countries.  ...more  
Comment by indoubtgetouton Oct 14, 2021 10:50am

RE:RE:OUT!!!

Not seeking your either!   I did my research and I think this compay is a scam!!  So, I am calling the company out - you pays your monies and takes your chances - hopefully you are ...more  
Comment by Scotch12on Oct 14, 2021 10:32am

RE:OUT!!!

Why do people post on forums for  stocks they neither own nor are they shorting?  We understand your position.  I don't recall anyone seeking your counsel on what they should do ...more  
Post by indoubtgetouton Oct 14, 2021 10:01am

OUT!!!

Yes, I am OUT!   There is no fundamental reason to buy NIF.UN - Glencore has them locked up forever on low pricing so NIF.UN will never be that profitable to justify any price other than ...more  
Comment by ljp0101on Oct 14, 2021 3:02am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Some sizeable trades lately

Agreed CEZ isn't anything like Flin Flon, just shows how inappropriate replacement cost arguments can be if applied to the wrong situation. Zhuzhou number is interesting, thanks. 2,500/t of ...more  
Post by galvanizedon Oct 13, 2021 10:03pm

Nyrstar debacle....

So we have news reports saying Nyrstar is forced to curtail production by 50% for their three zinc refining operations in europe due to high energy prices.  Looks to me that these guy are stuck ...more  
Post by schocoron Oct 13, 2021 5:26pm

In and now Out - Will watch Noranda from sidelines

Well - if you would believe it - I am now out of Noranda. I bought last week at $.96 and immediately set a sell order for $1.16; a price that much to my surprise was hit today.....on its way higher ...more  
Comment by ZincDinkon Oct 13, 2021 5:11pm

RE:Good Day to Sell Some!!

Really? Lets see, other refiners around the world are discovering energy price shocks while NIF has reliable hydro power (along with many other refiners, but not all apparently). When spot TC were ...more  
Comment by ZincDinkon Oct 13, 2021 5:02pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Some sizeable trades lately

Prior to Covid, refinery demand was higher and it was the surprise mine curtailments that killed refinery demand and caused the TC price errosion. Comparing Flin Flon to Noranda is comparing a sour ...more  
Post by indoubtgetouton Oct 13, 2021 2:45pm

Good Day to Sell Some!!

If were not for the commodity trade in full swing, NIF.UN would still be 90 cents.   Unless Glencore is going to buyout NIF.UN, best to sell into this rally and put yyour money elsewhere ...more  
Comment by ljp0101on Oct 13, 2021 11:37am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Some sizeable trades lately

It's not that; Nystar announced curtailments of up to 50% at three smelters today. This is fantastic news for NIF. Spot TCRCs are going to rip as that concentrate tries to find a new home. Decent ...more  
Comment by Scotch12on Oct 13, 2021 10:14am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Some sizeable trades lately

Coal prices are going through the roof in China. A lot of the mines have flooded and they have a trade conflict with Australia.  The Chinese government just announced that industry has to pay ...more  
Comment by ljp0101on Oct 13, 2021 7:04am

RE:RE:RE:RE:RE:RE:RE:RE:RE:Some sizeable trades lately

Replacement value is only meaningful if demand is greater than supply, which doesn't apply. Hudbay would presumably pay you to take Flin Flon off its hands. And to incentivize new supply, it's ...more  
Comment by ljp0101on Oct 13, 2021 6:25am

RE:RE:RE:RE:RE:RE:RE:RE:RE:Some sizeable trades lately

"The Fund does not have the right to terminate the SPA except in certain limited circumstances such as breach of contract etc." Nothing can be done about the Glencore situation beyond ...more  
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