Bullboard - Stock Discussion Forum Noranda Income Fund Unit NNDIF

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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 No Income Fund

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Post by BSdetector2016 on Nov 08, 2019 11:36am

The No Income Fund

Where's the divvy? Oh, Glencore was at it yesterday with Katanga. Have a look and see how those shareholders are going to make out. I doubt the NIF.UN story is going to end well for unitholders.

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Comment by ZincDink1 on Nov 08, 2019 12:18pm

I like it - No Income Fund. I suspect we will get the same token divy as last year. Whats more troubling is we still haven't seen a reversal yet in the asset impairment test. How much did they write the plant down? Was it 100 M$? This is for a plant that would cost over 1 B$ to build and is certainly worth 500 M$ (cripes, the land alone should be worth the current price). I agreee we will ...more

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