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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: 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

Comment by schocoron Feb 25, 2022 7:23pm
99 Views
Post# 34463572

RE:RE:RE:RE:Earnings out

RE:RE:RE:RE:Earnings outi listened to the call too. couple tskeaways : 

1) they mentioned how their operations are effectively fixed cost; more through put pays condiderably more 
2) they mentioned profuction offtime in jan and feb of 2022
3) they mentioned dupply chain issues were eating into some of their north american physical zinc premium 
4) these noranda executive guys just never sound poditive about their budiness.they said they were "generslly optomistic guys", but then they failed to sell 2022

$50m in additionsl annual ebitda would really more a stock with 38m share outstanding. if/whdn the xinc regining market tufns this one will move quickly. 
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