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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 > Please tell me my math is wrong
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Comment by rjb1954on May 01, 2022 10:39am
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Post# 34645860

RE:Please tell me my math is wrong

RE:Please tell me my math is wrongI have a nagging feeling that GC is sucking equity out of NIF through the hedging strategy. I don't have any proof, only the numbers reported by NIF. GC could be making a lot of money on the deal if it is counterparty to NIF's losing hedges.

Like you said, NIF should be minting money if it wasnt for these huge hedging loses.
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