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Noranda Income Fund Unit NNDIF

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

Post by schocoron Feb 25, 2021 11:14am
199 Views
Post# 32657901

Still Waiting for a time to Buy

Still Waiting for a time to Buy I have watched this stock for years now and never bought. I keep reading the quarterly statements, looking at the fast markets zinc treatment charges forecasts waiting for a good time to buy. Glencore, basecor are stealing this company from shareholders in my opinion, but they do seem to rely on the smelter quite heavily. I sometimes think this company can go bankrupt but I am quickly reminded of its strategic importance to Glencore. That being said, 2021 does not look very encouraging for zinc concentrates. I guess I will just keep watching and check in. This thing has the potential to turn 4X very quickly in the right environment.
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