OTCPK:NNDIF - Post by User
Comment by
ZincDink1on Nov 27, 2020 2:54pm
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Post# 31990910
RE:Why woudl I ever invest in Noranda? Help please
RE:Why woudl I ever invest in Noranda? Help pleaseWe were on track to profitability and dividends till Covid took hold. We were going to be paid spot TC which at 300 would have been excellent. It was also looking like Glencore was going to make a takeover offer for the mill.
All that went to hell of course.
Define bright future? I define it as getting dividends back to at least half the old rate which was 50 cents per year. The old rate is not going to happen, but they should be able to payout at least 10 percent based on current market price provide TC get back to 200.
I expect they will payout a miserly 3 % again.
This investment makes sense if smelter capacity world whide is low. For now, that isn't the case.