OTCPK:NNDIF - Post by User
Comment by
ZincDink1on Nov 06, 2020 4:49pm
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Post# 31855726
RE:RE:RE:RE:Noranda Income Fund Extends Terms of Agreements With Glencor
RE:RE:RE:RE:Noranda Income Fund Extends Terms of Agreements With GlencorIts never been realy clear what the TC charge is based upon except its floating.
Trevali has a presentation on tc So at the start of the year, its close to 310 for benchmark and spot China tc. Now, spot China looks to be about 200 and spot import tc for China looks to be about 115. So which one are we working with? I thought it would be something like spot China but is it based on domestic or is it spot import? If its spot import, we are screwed for a while at least.
No doubt this company should have been shut down and sold. We would have saved from stupid investments in this plant which could have gone to share holders as well as presumably selling the land and assets for around $ 3 per share.
I am goint to write management and find out what we have to do to get this proposal on the floor for the next agm