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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.


OTCPK:NNDIF - Post by User

Noranda Income Fund Unit
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Comment by HomerAndCompanyon Oct 26, 2015 12:06pm
106 Views
Post# 24227068

RE:Interesting observation on the level2...

RE:Interesting observation on the level2...
sspare wrote: I have just noticed that someone has placed a sell order of 80k at 2.80
With my limited level 2, I cannot see who this is (I have no IDs).  It does not seem like the
actions of an institutional investor.  Who on earth would try to do this in one transaction??



I noticed it too & wondered why an individual (or maybe it is institutional - anyone know how to tell for sure?) might place a single order for more than twice avg. daily volume. Surely someone with $224K worth of NIF would have something more liquid in their portfolio with which to raise a quick $224K cash. A fill would seem unlikely for their 80K share order. I'm sure more order to sell at $3.15 isn't going to fill today. -GLTA
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