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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: 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.


OTCPK:NNDIF - Post by User

Noranda Income Fund Unit > Sale
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Comment by ljp0101on Mar 02, 2023 2:20pm
89 Views
Post# 35315668

RE:RE:RE:Sale

RE:RE:RE:SaleThe dissidents made the best out of a bad situation. Problem is we were going to have to put in another 3/share to maintain our economic interest in NIF if the vote went the other way and they did a rights issue. None of the players have particularly deep pockets and even if you think CEZ is worth way more, the new money immediately gets haircut with a Glencore control discount so it's throwing good money after bad. I've never been so frustrated after making money and feel for all the long suffering shareholders on this board.
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