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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 > Share Price
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Comment by ZincDinkon Nov 16, 2022 11:52am
77 Views
Post# 35103539

RE:RE:RE:RE:RE:Share Price

RE:RE:RE:RE:RE:Share PriceI believe GC gave serious thought to a takeover. They discovered though how the plant had been run down and would take significant investment. Decided to keep it operating just in case China started realizing they were giving away free electricity.

Management team goal was to keep plant operating and get plant modernized.

With the increase in TC and premiums, problems with the band aids peeling off, management went all in letting market know about major upgrades.

Canadians don't understand that this asset will now be bought out on the cheap. Investors know we have financed it with our dividends and premium pricing for GC management.
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