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Noranda Income Fund Unit NNDIF

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

Post by schocoron Dec 14, 2022 3:24pm
131 Views
Post# 35171604

21 Days to Respond - Tomorrow?

21 Days to Respond - Tomorrow? The Noranda board has 21 days to respond to the minority shareholders request for a meeting. If my math is right - that woudl mean we are due a response this week. 

There are really only two possibilities - a board meeting to vote on the proposed independant shareholders

Greenmail (a buyoff) of the minority partners - meaning me, you and he shareholders that represent the 20%. 

I am looking forward to voting in favor of the new minority shareholders. Lets get some value out of our $1b smelting asset. 
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