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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 Armcorpon Nov 06, 2017 10:37pm
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Post# 26915880

RE:RE:RE:Management and the union have agreed to bring in mediator

RE:RE:RE:Management and the union have agreed to bring in mediatorI am of course looking at the zinc market from the point of view of Glencore, who control CEZ and Noranda and who have the final say in whatever settlement is accepted on the company side.. I dont think you can argue that making and selling more zinc when the price is high is a bad thing....Glencore could have settled in February and made and sold enough zinc to pay for it with money left over. If you think Glencore is not part of the picture, as your reply suggests, then you are more naive than you appear.
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