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 > Share Price

<< Previous

Bullboard Posts

Next >>

Comment by Scotch12on Nov 16, 2022 10:57am

93 Views

Post# 35103298

RE:RE:RE:RE:Share Price

LJP, I don’t buy your thesis that there would be too many dissenters to a Glencore takeover. As I understand it, they would need two thirds of shareholders to agree to it. It would of course depend partially on the two big shareholders agreeing. Neither of them has added to their positions since the October announcement that there would be extensive repairs. Both would have a hard time exiting their positions, without a buyout.

I believe that Glencore has no real motivation to buy CEZ. They have what amounts to a puppet management and what appears, at least on the surface, to be a completely indifferent independent board. Their only real risks is a lawsuit. I am surprised that nobody has filed a Statement of Claim as it is relatively easy to do and as you imply Glencore would not likely be thrilled with discovery. Lau is a lawyer but so far appears to be a passive investor.

<< Previous

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale