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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
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Post by opta1on Nov 25, 2014 10:18am
228 Views
Post# 23161265

Smells like ethylene

Smells like ethyleneA few years back a similar scenario played out on NOVA Corp which was "saved" from going under by Middle East investors.  Nova owned 2 large ethylene plants, one each in Ontario and Alberta which were apparently inefficient and uncompetative in the world market at the time.   The price of the stock went down to a point that replacement value was pennies on the dollar.  Out of the blue, savior investors came forward with a very generous offer (considering the low value of the stock).  It was taken out.  
Today NOVA is going gangbusters selling everything it can produce and I guess making loads of money.

Sound eerily famliar?
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