Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
User Avatar Image
(0)
•••
Comment by Bigbird999on Aug 08, 2016 2:42pm
211 Views
Post# 25120228

RE:RE:RE:RE:RE:RE:RE:RE:RE:Yes the numbers are out......Now take a deep breath......

RE:RE:RE:RE:RE:RE:RE:RE:RE:Yes the numbers are out......Now take a deep breath......The big differfence is the amount of product in the pipeline.  Oil refineries have a few days ((2 - 3 weeks max) of crude inventory and about the same in fin ished goods (gasoline) inventory.  Metal Refineries have 6 - 8 months of production in inventory and the price swings in the metal prices are much more volatile (up or down 30% in a few days so the possibility of a huge swings when measured over a period of time where the production is equal to about half of the inventory tonnage.  This is a common problem in the industry.  Google Nyrstar and have a look at their H! report and conference call.  Essentially all they talk about is working capital and liquidity.

I also believe that the board is dong the right thing to have negotiate the  best possible deal with Glencore. 

BB
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities