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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: 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.


OTCPK:NNDIF - Post by User

Noranda Income Fund Unit > Why woudl I ever invest in Noranda? Help please
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Comment by ZincDink1on Dec 21, 2020 3:03pm
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Post# 32154333

RE:RE:RE:RE:RE:RE:RE:RE:Why woudl I ever invest in Noranda? Help please

RE:RE:RE:RE:RE:RE:RE:RE:Why woudl I ever invest in Noranda? Help pleaseYou are deluded :^)

Its amazing how low priced this mill is. They keep dumping our money into upgrading the process, yet we are valued at the money Basecore is investing. Trade Desk has the same revenue but is valued as a 44 Billion dollar company while we aren't worth 1 percent of that. Talk about investing in the wrong business.

What should be concerning is how GC merger lawyer left the board for other positions. Tells me that the board wnated too much money and GC is rightfully concerned that China is overinvesting in refinieries.

Fortunately, next year, the concentrate market will be back in a surplus for a few years so TC should stay above 200.

I just don't know how much longer management is going to throw good money into this bottomless pit. What is the point of upgrades if the market value keeps getting chopped?

A lot of pulp and paper mills sucumbed to Asian pressure and maybe Noranda will as well.


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