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 > Oh no, more smelter cuts possible! TC spot 200/ton !

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Comment by Scotch12on Mar 16, 2022 3:36pm

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RE:RE:RE:Oh no, more smelter cuts possible! TC spot 200/ton !

10 dollars US is about 12.70 Canadian. So, for 37.5 million shares not already owned by Glencore you are getting pretty close to 500 million Canadian (using your estimate) for them to own the plant outright . The question is why would they pay a lot of money for it. Given the current contract they effectively already call all of the shots with no meaningful financial risk.

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