Noranda Income Fund Unit 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.

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Noranda Income Fund Unit > Still Waiting for a time to Buy

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Comment by ZincDink1on Feb 25, 2021 1:00pm

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Post# 32659081

RE:Still Waiting for a time to Buy

Actually, 2020 was looking very good as TC near all time highs, takeover lawyer sitting on the board. Was expecting this pig to sell for between 150 to 200 MUSD, about a fifth of replacement and 1/3 of true value.

Covid killed this of course. Was the spot TC a monumental screw up by the board or is GC only going to offer spot TC? Trevali says it thinks 200 TC is 2021, so I suspect we will get closer to spot than anything.

Keep an eye on spot TC. So far, no movement off of 70.

Basecore isn't stealing, it was a way for Teachers to invest without exposing themselves to the manipulationg we shareholder endure.

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