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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: 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 > Snatching defeat from the jaws of victory - Phase 1
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Comment by ZincDinkon Apr 08, 2022 6:03pm
139 Views
Post# 34589475

RE:Snatching defeat from the jaws of victory - Phase 1

RE:Snatching defeat from the jaws of victory - Phase 1Well, I don't know about your thoughts, but I think its very sporting of the management team to eliminate any cost advantage they had with the European mills, and try and get to the same cost as Nyrstar, even when they have half the energy cost.

Well, no problem, sure there is more zinc...what's this? Trafigura snapped up existing stock in the LME?

https://www.reuters.com/business/exclusive-trafigura-set-take-zinc-out-lme-system-fuelling-concern-sources-2022-04-07/

No need to worry, still 25 tonnes in stock at LME. Snatching more from China to cover.
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