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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 > Snatching defeat from the jaws of victory - Phase 1
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Comment by ljp0101on Apr 09, 2022 5:14am
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Post# 34590264

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

RE:Snatching defeat from the jaws of victory - Phase 1I like how PR implies they don't actually know what Q1 production was a week into April. Note they downgraded guidance by 15kt but only ~9kt was lost in Q1 so issue will linger into Q2 numbers, at which point we get to see if the expansion impacts production. Good news is they didn't mention working capital issues and lost production plus Glencore channel stuffing ahead of TCRC rise presumably bloated inventory.
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Dealroom for high-potential pre-IPO opportunities