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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.


OTCPK:NNDIF - Post by User

Noranda Income Fund Unit > Some sizeable trades lately
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Comment by Scotch12on Oct 11, 2021 1:52pm
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Post# 33995351

RE:RE:RE:RE:RE:RE:RE:RE:Some sizeable trades lately

RE:RE:RE:RE:RE:RE:RE:RE:Some sizeable trades lately
Everyone on here already knows that Noranda has a bad contract.  That is why marketcap is less than one 20th of the value of the plant.  Your thesis that somebody wanted to get out in volume belies the fact the stock went up, is clearly under accumulation and the technical indicators have turned positive.   That the volume has dried up is far from clear.   The zinc price is taking off.  The cheap hydro is clearly becoming an increasingly important asset.  Fundamentals of this company are improving though they have a long way to go.




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