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Bullboard - Stock Discussion Forum 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 Discussion

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Post by Rudolph25 on Aug 11, 2020 1:35am

Seller

Morgan Stanley sold over 500,000 today so this one seller has sold over 2.3 million shares since May. Once this forced seller is finished, stock will reprice higher. There might be one more block, but maybe it might be over. Zinc has moved from under .80 to 1.08 today, very positive. It is time to buy the cyclicals. I see the upside here to be in the $5.00 to $8.00 level. There is massive upside in this stock. We have bought a lot of stock lately topping up today. I have no interest selling any shares under $3.00. This is going to be a home run
Comment by Finalsay on Aug 11, 2020 10:02am
Yah zinc has made a really nice recovery from cash buyer value of $1773.50 on March 26th to 2368.50 today. However it has been very difficult holding on to this position. I have a pretty small portfolio and this is my largest holding by far. I was tempted many times to sell and move the funds to another investment with the intention on buying again later likely at the same price as I felt this ...more  
Comment by JCW on Aug 11, 2020 10:52am
Same boat Finalsay.......coulda, shoulda sold last year in hi 2's and will if, as and when..... Zinc pricing should help and hopefully Extract  as an insideer might add some benefit... Hopefully...this year...??
Comment by Northforce13 on Aug 11, 2020 9:06pm
Total shares sold might be > than what Bloom Investment counsel held, so I wonder if it is Extract that has been selling Might not be a bad thing, they are a passive "go along with the flow" type investor, rubber stamping whatever management does and voting for management.  I think the company needs a large activist investor to make something happen and address the systematic ...more