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.

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Noranda Income Fund Unit > the whole thing reaks

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Comment by ckwongon Jan 13, 2023 10:37am

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Post# 35221000

RE:the whole thing reaks

Just a back of envelop calculation using total shares of 50M. It is from TMX web site. I think it should be 64M. Let's say 64M at C$1.40. It is just under C$90M. Any investment firm can scoop it up easily. So there is a good chance for another bid unless GC allied with all bidder to get it cheap. Then there can be a law suit.

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