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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 > Leverage to zinc prices
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Comment by Scotch12on Oct 19, 2021 12:11pm
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Post# 34022865

RE:RE:RE:RE:RE:Leverage to zinc prices

RE:RE:RE:RE:RE:Leverage to zinc prices
 
I think the math of how much they are getting is complicated.  I remember the TD analyst being exasperated by management in a CC.  It was well into 2020 and management indicated that some of the zinc was still being processed at the previous year’s TC, as that is when they ordered or received the zinc (I can't recall which).  If the default position is spot, why did they agree to pay the annually negotiated price approx. 300/ton for 50% of the zinc processed in 2020?  Regardless, it is ridiculous that we have to guess.
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