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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

Comment by schocoron Feb 09, 2023 6:25pm
79 Views
Post# 35278434

RE:I prefer 1.33 now.

RE:I prefer 1.33 now.It is hard to not feel a little nervous though isnt it. 

$1.33 today vs the $1.43 offer makes it look as if this deal is not giong through; in fact I am sure it is not. 

However, I do expect Glencore to up their offer  - evevtually - and for this reason I was thinking that it woudl stay at $1.40 ish or go even higher the fact that the market thinks a higher offer is coming. 

SO after we all vote to reject the deal - anybody have any guesses on where the sahre price might stabilize? $1.20? $1.30? $4?


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