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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

Noranda Income Fund Unit > i am going to give this another quarter
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Post by schocor on Feb 25, 2022 9:51am

i am going to give this another quarter

i amgoing to give this another quarter before i invest. news of the agreed treatment charge /contract with glencore and completion of thd overdue overbudget construction projects seems like something thst is smart have behind you brfore investing here. 

always another quarter with this one. meh
Comment by JCW on Feb 25, 2022 10:42am
This is not a "buy" stock.....ever.....It's a "how do I minimize my losses" stock. There are dozens of better investments than this one ....; Truly a poker play and Glencore has all the cards.....totally defies the logic/intent of an "investment fund".....JMHO, of course.
Comment by JasonBilly on Feb 25, 2022 11:51am
Yeah, if only NIF.UN could become another 'meme' stock; a couple of days is all I need. Except that, unlike previous meme stocks, the SP of this one deserves to be much higher. I did have my chance a few years back when it inexplicably soared in price above my average. Missed my chance then and have only myself to blame. Well, besides Glencore.
Comment by Compypaul on Feb 25, 2022 2:26pm
Exact same situation for me; perhaps if we're patient we'll have another of those inexplicable price moves and can get out for good, with whatever is left of our pride. Really wish they'd change the name of the stock to reflect its current reality. Noranda INCOME Fund is insulting to those of us who bought it in the $3-4 range. Perhaps if they want to leave the symbol intact they could ...more  
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