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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: 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.


OTCPK:NNDIF - Post by User

Bullboard Posts
Comment by Bigbird999on Nov 25, 2015 7:25pm
138 Views
Post# 24326316

RE:RE:For the Life of me.....I just can't see this as high risk

RE:RE:For the Life of me.....I just can't see this as high risk
SSpare said
Thank you for posting that comprehensive and compelling information.  One question- in which document do you see the debt repayment schedule?

It is in the MD&A In the Liquidity and capital resources section.  Payments are $7.5 million Dec 31 and June 30, with the final payment of $15 million on Dec 31 2016.  Also in Note 5 of the financial statement.  Note 5 points out that because of the timing the borrowing against the ABL agreement is now listed as current debt rather than long term debt. 

BB
Bullboard Posts