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 > Seller

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Post by Rudolph25on Aug 11, 2020 1:35am

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Post# 31391067

Seller

Morgan Stanley sold over 500,000 today so this one seller has sold over 2.3 million shares since May. Once this forced seller is finished, stock will reprice higher. There might be one more block, but maybe it might be over. Zinc has moved from under .80 to 1.08 today, very positive. It is time to buy the cyclicals. I see the upside here to be in the $5.00 to $8.00 level. There is massive upside in this stock. We have bought a lot of stock lately topping up today. I have no interest selling any shares under $3.00. This is going to be a home run

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