Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

Alternate Symbol(s): CGIFF | T.CHE.UN | T.CHE.DB.G | T.CHE.DB.H

Chemicals Basic Materials

Chemtrade Logistics Income Fund is a Canada-based company that operates a diversified business providing industrial chemicals and services to customers in North America and around the world. The Company's segments include Sulphur and Water Chemicals (SWC), and Electrochemicals (EC). SWC segment markets, removes and/or produces merchant, Regen and sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides, and provides other processing services. This segment also manufactures and markets a variety of inorganic coagulants used in water treatment, including aluminum sulphate, and a number of specialty chemicals, including sodium nitrite. EC segment manufactures and markets sodium chlorate and chlor-alkali products including caustic soda, chlorine and HCl, largely for the pulp and paper, oil and gas and water treatment industries. These products are marketed primarily to North American and South American customers.

TSX:CHE.DB.E - Post by User

Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures

Bullboard Posts

Comment by Khersonon Jul 20, 2020 6:44am

131 Views

Post# 31289210

RE:RE:RE:RE:RE:Repeat of question from 14 March

GregC24 wrote:
correction Taken from most recent MD&A

A portion of the land on which the North Vancouver, BC facility is situated is leased from the Vancouver Fraser Port Authority (the “Port”) pursuant to a lease which terminates on June 30, 2032. The lease provides that Chemtrade will be restricted from using the leased premises for purposes of receipt, manufacture, storage and distribution of liquid chlorine after June 30, 2030. Chemtrade is currently assessing alternative options to address the liquid chlorine restriction post-June 30, 2030, but Chemtrade’s inability to implement a viable alternative solution could have a material adverse effect on Chemtrade’s business, financial condition and/or results of operation. In addition, the lease provides the Port with the right to exercise an option to purchase at the end of the term, and the Port has communicated its intention to exercise the option to purchase at that time. Chemtrade intends to enter into discussions with the Port as to alternative options which are beneficial to both parties. However, the inability of Chemtrade to come to a solution with the Port for the continued use of the North Vancouver, BC site beyond June 30, 2032 could have a material adverse effect on Chemtrade’s business, financial condition and/or results of operation.

GregC24 wrote:

They do not Lease expires 2030.

Quint13 wrote: I am not a smart person by any measure, but waterfront property in Vancouver is beyond gold. If they own that land there is nothing to worry about. Do they own that land??

leo101 wrote:

CanSiamCyp wrote: Yesterday Rakaposhi wrote: "The loss of the terminal in a few years on the North Shore (I can see it across the water from where I live) will be the end of this company."

Can anybody shed any light on this potential "end of this company"?

Cheers!

that's a really valuable piece of property but looking at the balance sheet there's only 88 million in land and improvements for the entire company so it might have a creative ownership structure. and since it's been used for chemicals etc there could possibly be astronomical remediation costs.