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.

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Noranda Income Fund Unit > Market never ceases to amaze

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Comment by schocoron May 11, 2022 1:34pm

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Post# 34674650

RE:RE:RE:RE:RE:Market never ceases to amaze

Yes I think you are right. But I am okay with low volume and dont mind picking up shres where I can.

There were a couple large buyers (I believe) in Mar-April. I cant remember the names, but I think two funds took up positions in Noranda; and if I am not mistaken they are both over the 10% threshold and had to disclose their positions.

It woudl be quite hard to get you hands on 10% of this comapny now. And if you wanted to, yuo woud lhave to move the price substantially to do so.

I could forsee a buyout by Glencore. Alternatively, I think we could be a company that pays $.25-.30 annual dividend a couple years down the road.

If they can get production and recoveries on track at CZE, the future looks bright.

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