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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: 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 > TDW adopts realistic outlook...
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Comment by ljp0101on Oct 26, 2022 9:16am
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Post# 35049180

RE:RE:RE:RE:RE:TDW adopts realistic outlook...

RE:RE:RE:RE:RE:TDW adopts realistic outlook...Problem with the net-net line of thought is the starting point on a going concern basis. Company has said environmental liability is larger than balance sheet mark if they close and implied liquidiation value is nil. I don't endorse this view but that's Glencore's argument and can be used to justify any shenanigans.

Wonder if they'll be able to access Canada's cheap green financing. Seems borderline but there are viable arguments around power efficiency I think. There may be a way forward without crazy dilution but depends on government, banks, and management pulling together.
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