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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

Post by rjb1954on Dec 19, 2019 9:56am
319 Views
Post# 30472125

Reserves

ReservesBB, I always welcome your posts.

In your last post, you thought that GC would have a hard time hiding all the cash in 2020. I'm not sure I agree.

A couple of years ago, NIF moved a lot of money into reserve in case of plant closure to cover remediation costs. Obviously, the plant never closed.

So , what happened to all the money that was put into reserves? I can't locate it on the Balance Sheet. Does this cash exist somewhere out of sight in someone's pocket?
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