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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 > Best earnings ever...no one buys hedging profits? lol
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Post by ZincDinkon Jul 27, 2022 8:48pm
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Post# 34855606

Best earnings ever...no one buys hedging profits? lol

Best earnings ever...no one buys hedging profits? lolOnly Noranda can have a record quarter in earnings (think this is one of their best) while operating at 75 percent capacity and a stock price in the dust bin.

Guess no one believes those hedges will pay off that much in the long run.

Frankly, I was concerned that they would have difficulty getting the hedges, so lets be thankful for that.

I really don't know what the heck is going on with personal, but sounds like they annoyed some experienced employees who walked out the door.

I really thought we were through with the production issues (yes, I am a sucker).

So sad to see it being operated so badly.
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