OTCPK:NNDIF - Post by User
Comment by
schocoron Dec 15, 2022 10:57am
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Post# 35173205
RE:Looking ahead
RE:Looking aheadElecting 4 new directors in late March will give them a little - not a lot - of time to negotiatiate a new contract with Glencore.
The existing contract 60/40 negotiated/spot expires May 1st. The fallback position for Noranda/Glencore is to price treatment charges at spot - which I think it preferreable for unitholders.
This smelter is a run down world class asset; but its still a world class asset and it is of most use to GLencore. They dont want to lose it I reckon....but I want them to.