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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.


OTCPK:NNDIF - Post by User

Noranda Income Fund Unit > New Stream Agreement
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Comment by Bigbird9999on Jul 28, 2020 2:32pm
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Post# 31332403

RE:RE:RE:RE:RE:New Stream Agreement

RE:RE:RE:RE:RE:New Stream Agreement
Finalsay wrote: For 2020 Q2 financial statements I'm not sure if I would expect PPE to be increased by $40 million, but I am curious to see how this will look. Noranda is going to receive installments of cash between now and June 30, 2022 and PPE will reflect the full 32 million in anticipated costs at time of completion. The deal itself doesnt close until July 31, so I'm not sure if that means we will only see reference to this in the notes for Q2.


No effect on Q2 results.  PPE and debt will go up in future as funds are advanced and project is constructed.  How it is all accounted for in the financials is unknown, but my guess is it wont be good for anybody but Glencore.
E
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