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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: 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

Comment by Stocker55on Jan 24, 2023 2:29pm
123 Views
Post# 35242922

RE:RE:Outlook

RE:RE:Outlook
Ben Franklin founder of Riverstyx & Christine Man co- founder of LM Asset management have (skin in the game).....significant share owerships and will only profit by creating shareholder value for themselves, which will in turn create shareholder value for all unit holders.

JP Ouellet and Barry Tissenbaum were replaced with Glencore cronies in 2020. Glencore did not want them on the board. That tells me they probably should be.
They have a lot of experience concerning NIF ......10 years worth.

one would assume the strategy will depend on the situation at the time of board replacement.
one would not expect them to share it.
It is also expected they will to do what is best for themselves, which will in turn be best for the rest of us.
Which will hopefully lead to a higher share price and a profitable smelter operation or a buyout that will respect the actual value of the plant.






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