OTCPK:NNDIF - Post by User
Post by
schocoron Apr 28, 2022 8:46pm
223 Views
Post# 34640865
rough quarter
rough quarterpretty rough quarter. production was low, as expected.
derivitive loss of $17m was as expected as well i guess.
they stated that the contract with glencore for may21-apr22 was not negitoated and that there were getting the fallback spot price which they state is $175/t. i thjnk glencore will want to get thst contract signed ASAP, but noranda should liks in at a good price for the period.
i think this will trade down after the crummy production, but i can see brighter days ahead - next 12 months.