Noranda Income Fund Unit NNDIF

Buyout coming?

[ZincDink]

Biggest volume since 2019. Think the GC brain trust is realizing they may have to payout serious coin to shareholders under the current structure...coin that belongs in their pockets, darn it!.

European mills operating at half capacity, if at all. Chinese mills realizing they can't keep treating for free, especially if they are looking at carbon tax. Heck, I recall reading an article how Korea Zinc was in the cross hairs of environmentalists.

What was the last offer , 4 a share? A few hundred million more have been dumped into the plant.

I expect GC will offer under 5 or ~ 250 M$ total. Replacement on a plant this size is over 1 B$ but what can a person do?

I will be money ahead, but still feels like it will be an on the cheap offer.

[JasonBilly]

I don't pretend to understand all that's written in the article below, copy/pasted from today's Globe, but it seems to be appropos your thread opener... . . . . . . . Warning bells sound in London Metal Exchange zinc market   Is zinc going to be the next nickel?   Even as the London Metal Exchange (LME) tries to reassemble the pieces of its broken nickel contract

[Scotch12]

Like all the other longs, I am happy with the  price increase but I believe 800,000 of the shares traded yesterday was an intrafirm  trade with  Paradigm Capital. It was not listed as a cross trade but still could have been some kind of housekeeping. My understanding was the "independent" board rejected the last offer and I don't think a bid of under 5 dollars would