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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 > Trafigura wipes $266 million off its Australian Smelters
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Comment by JCWon Dec 12, 2022 3:21pm
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Post# 35166839

RE:RE:Trafigura wipes $266 million off its Australian Smelters

RE:RE:Trafigura wipes $266 million off its Australian SmeltersAssuming that the cost/benefit analysis of cell replacement makes more sense than plant replacement, it looks like a "no brainer" to proceed with the upgrade but I imagine that GC would not want to proceed under the Income Fund structure .....so they would probably want to reorganize somehow if possible (any thoughts if that can be done??). If not I would imagine GC would try a buy out of remaining units ...hope our legal pals are up to the challenge!!    
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