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Bullboard - Stock Discussion Forum Noranda Income Fund Unit 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 Discussion

Noranda Income Fund Unit > Will this company ever bounce back?
View:
Post by tzvkum on Sep 16, 2020 1:17pm

Will this company ever bounce back?

I have held my shares for over 6 7 years, I'm down 40 or so % on it... Do I stand a chance of seeing my money back?
Comment by ZincDink1 on Sep 16, 2020 3:50pm
Short answer is yes. The current price is stupidly low, but during the 2008 crises, it took more than 1 year for the price to recover. This quarter I am expecting byproduct prices to have rebounded. TC are a bit of a mystery, but I think it will not be bad. Hedging may bite us. No sign yet that we will go back to monthly distributions though I expect we will get the annual dividend. I am ...more  
Comment by Finalsay on Sep 16, 2020 4:23pm
I think this is the sentiment of most medium to long-term shareholders of Noranda right now. The 52-week high was $2.87 back in February, and Noranda has has not seen much recovery considering the absolute destruction of its market cap. Still sitting down ~58% from $2.87 high with prices trading right now at $1.20. Your question cannot of course be answered with any certainty, but capitulating at ...more  
Noranda Income Fund Unit