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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 ZincDink1on Jul 29, 2020 10:18pm
225 Views
Post# 31341310

Time to shut down this business

Time to shut down this businessThe liquidation price of the quick sale assets is worth more than the trading value of the shares, let alone any money from selling off the plant and land.

TD originally had a 3.7 $/share on liqudation.

Alternatively, we can let GC continue to blame market conditions while it racks up debt against the priority shareholders.

So sicj of the bullshit from this company
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