Noranda Income Fund Unit T.NIF.UN

Primary Symbol: 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.

OTCPK:NNDIF - Post by User

Noranda Income Fund Unit

Bullboard Posts

Comment by galvanizedon May 10, 2010 4:08pm

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Post# 17082032

RE: RE: RE: A bullish article about zinc demand

I've noticed that they negotiate a lot of sales to customers with annual contracts. So, although market fundamentals are getting better, we will need to wait until some of these low profit contracts from last year age off to see better profitability.
I'm going to hold my units for the remainder of the year because I think profitability will improve each quarter for this reason.
If all of their sales were done at the current spot prices, I suspect that they would be reasonably profitable and able to sustain the past distributions.

Bullboard Posts

Corus reports Q1 profit drop in the face of falling revenue