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 > TDW adopts realistic outlook...

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Comment by BSdetector2016on Oct 26, 2022 10:37am

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Post# 35049561

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

Bwrbhk wrote: If they spend $100 million to replace the cell house, it will be the lowest cost zinc refinery in the western world and probably lower cost than many Chinese refineries. The major uncertainty is how do they raise the $100 million? Loan from the Quebec government, a rights issue backstopped by Glencore, etc.

How about an equity issue? $100M/$0.35 = 285M new shares. This isn't investable, at least as an income instrument. Glencore will do what it does best and mop up the interest that it doesn't own and fund it themselves, probably with a little help from the Quebec government distributing Alberta oil money.

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