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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 > earnings out
View:
Post by Scotch12 on Apr 29, 2021 8:14pm

earnings out

First Quarter 2021 Highlights (compared to same period in 2020)

  • Earnings before income taxes of $11.0 million compared to $11.5 million
  • Adjusted EBITDA1 of $9.5 million compared to $17.2 million
  • Zinc metal production of 66,345 tonnes compared to 67,425 tonnes
  • Zinc metal sales of 66,277 tonnes compared to 68,059 tonnes
  • Sulphuric acid sales of 93,574 tonnes compared to 97,880 tonnes


https://www.stockwatch.com/News/Item/Z-C!NIF-3071901/C/NIF
Comment by ZincDink1 on Apr 29, 2021 9:46pm
Much better report than I anticipated. Wonder why the SGA costs rose by 800 K$? Why get money back from pond rehab? The equity in the plant increased this quarter by 2 M$....all we had to do is spend 10 M$ to do this. No wonder accountants make so much trying to sell shareholders on this. So, looks like they can handle reduced TC with the higher zinc price overall. Not sure what price they were ...more  
Comment by Scotch12 on May 03, 2021 10:03am
I thought it was curious that on the conference call nobody asked any questions.  Usually, there are a couple of analysts on the call including one from TD that covers the stock.  Anyone, now if TD put out a note after the call?   As ZincDink indicated they reported they have still not finalized a deal for 2021, but it was not clear to me how they would resolve the issue if they ...more  
Comment by ZincDink1 on May 03, 2021 7:01pm
I always wait for the transcripts to be printed, but no one was on the conference call? That is kind of telling. No update from TD, so maybe they asked no questions because they can no longer be bothered to attend. Really looks like most refinieries are attracting no interest. Maybe we can accept payment on DogE coin. I suspect that if no deal is reached, be are compensated based on market terms. ...more  
Comment by Scotch12 on May 04, 2021 10:41am
It looks like TD is still following it.  They updated their note today. https://www.tdsresearch.com/equities/fundamental.disclosure.action?companyName=Noranda%20Income%20Fund&companySymbol=NIF.UN-T
Noranda Income Fund Unit