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Noranda Income Fund Unit 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 stopedouton May 13, 2020 8:49pm
235 Views
Post# 31025292

Cash flow

Cash flowFirst look cash flow of US$19.45 million before changes in working capitlal for a company trading with a market cap of C$60 million makes me glad I bought back at $1.20 last week but can't help but think that the stock goes down due to the Glencore/Covid effect. Not sure which is a bigger negative the Glencore or the Covid.
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