OTCPK:NNDIF - Post by User
Comment by
ZincDinkon Mar 16, 2022 12:08pm
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Post# 34518658
RE:RE:Oh no, more smelter cuts possible! TC spot 200/ton !
RE:RE:Oh no, more smelter cuts possible! TC spot 200/ton !I think we should get half the intrinsic value of the plant, which has a replacement value over 1 B$ USD (that would make it $ 10/share, but lets remember, last time, the previous owner was willing to go to 4 per share, but that was before sinking over 100 M$ in upgrades).
Its unclear to me how many would need to approve a takeover. Plus, how can they get over that pesky poison pill, lol (strange, why hasn't the board inacted a poison pill?).
In the case of Nova Chemicals, they ran the price down from 30 to 1 (poor management almost caused banruptcy) If memory serves me, SABIC took them over at 6. Billions dollar plus asset, much of it funded by tax payers, given over to a foreign entity for pennies on a dollar (after being run into the ground by American management).
Noticed a strange bit of info on Asian Metal.com. They had a report that Canada import of zinc concentrate increased 900 % (nine hundred?) in Oct 2021. Curious, as I can't imagine Teck needing to import concentrate. Have we got a massive stock pile built up care of GC?