Noranda Income Fund Unit NNDIF

RE:RE:RE:RE:RE:Someone knows ...

[Bigbird9999]

People are begining to see the potential of incredible returns on this stock whin the distributions resume.

Last year they posted earnings of $12 million and paid out dividend of 3 cents = $1.5 million.  They will probably do the same this year but are not required to do so.  They could retain these earnings and give an in kind distribution (which results in no cash) as they have in previous years.  My belief is they will pay a special distribution as they did last year but who knows?

Q3 19 earnings were $15 million with the new TC in force for only a small portion of Q3.  Q4 earnings will be even better with the new TC in force for all of Q4.  For 2020 the new, albeit unknown, TC will be about $100 per tonne x 500,000 tonnes  = $50 million HIGHER than 2019.  All things being equal this translates to increased Earnings/EBITDA/cash flow of $10 - $12 million per quarter.  This is more than sufficient to pay a distribution of of 2.5 cents per month = $3.6 million per quarter and pay down the debt by $8 - $10 million per quarter. 
Bottom line I would expect to see a special dividend announced next week and a reinstatement of the distribution sometime in early 2020.
BB