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.

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Noranda Income Fund Unit > Cash flow

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Comment by Northforce13on May 16, 2020 8:51pm

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Post# 31038761

RE:RE:RE:RE:RE:RE:Cash flow

I think what is needed is for an activist investor to come along and clean out the board of directors.

Replacing them with people who actually owned shares and paid attention to what share holders want would do wonders for the stock price.

The so called "independent directors" aren't doing anything useful for us.

Tell Glencore that as owners of the company we want to know what price we are paying for the concentrate, and if they don't like it, take their concentrate and shove it. Have them ship it from Canada all the way to China to get processed then back to America to sell it. See how well that works out for their cost structure.

We could close the plant, liquidate everything for scrap metal, and get more per share than the current share price.

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