OTCPK:NNDIF - Post by User
Comment by
Northforce13on Nov 06, 2020 3:04pm
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Post# 31853044
RE:RE:RE:Noranda Income Fund Extends Terms of Agreements With Glencor
RE:RE:RE:Noranda Income Fund Extends Terms of Agreements With Glencor" and despite the lack of details regarding this arrangement, the two most important sucess factors for a refiner are 1)output sold under contract and 2) guaranteed supply of inputs."
I would argue that the most important factor is the price at which treatment costs are negotiated.
Over time I've come to believe that Glencore sucks all the profitability out of this company through its super secret treatment costs contract.
We're coming off one year of the highest treatment costs in 12 years and somehow they didn't manage to make money.