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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 > Buyout coming?
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Comment by Scotch12on Apr 14, 2022 9:31am
188 Views
Post# 34603317

RE:Buyout coming?

RE:Buyout coming?
Like all the other longs, I am happy with the  price increase but I believe 800,000 of the shares traded yesterday was an intrafirm  trade with  Paradigm Capital. It was not listed as a cross trade but still could have been some kind of housekeeping. My understanding was the "independent" board rejected the last offer and I don't think a bid of under 5 dollars would even come close to cutting  it now.  I hope you are right ZinkDink about a potential buyout.
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