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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 Northforce13on Apr 26, 2019 1:00pm
108 Views
Post# 29675410

RE:EBITDA between $52 million and $85 million

RE:EBITDA between $52 million and $85 millionI have the same puzzlement! 

The share price should be skyrocketing not declining, unless we're missing something.  Is it possible that that many people are that clueless about derivatives and the profitability of the company?

The derivates and quarter to quarter earnings swing massively, always did and always will.  To me the key element is the run rate earnings, which they laid out for us.

Guess I'll just sit and wait and see what happens over the next year or so.  Sure seems absurd! 

Happy to sit and wait!  By my calculation in a few days concentrate starts coming in the front door and profitability starts ramping up.  Within two months thereafter, book value will be increasing by 7c per share per month. 

If I didn't already own so much I'd buy more.  

GLTA!

Bullboard Posts