OTCPK:NNDIF - Post by User
Comment by
edsashaon Jul 26, 2016 10:05am
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Post# 25084482
RE:numbers are out
RE:numbers are outuograd wrote: ...and negotations with glencore are now in the ditch for good...
You make it sound so final. Whereas, in fact...
"
The Fund has terminated its discussions (through the Independent Committee and its advisors) with Glencore Canada Corporation ("Glencore Canada") on the negotiation of an amended and restated supply agreement. The Supply and Processing Agreement (the "Agreement") with Glencore Canada and its affiliates automatically renews with Glencore Canada for successive periods of five years unless Glencore Canada provides the Fund with a written notice to the contrary at least 180 days prior to the expiry of the applicable term (by November 3, 2016)."