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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 > Glencore's Smelter Warning
View:
Post by galvanized on Aug 09, 2022 3:44pm

Glencore's Smelter Warning

https://www.reuters.com/markets/commodities/glencores-smelter-warning-galvanises-zinc-price-andy-home-2022-08-09/
Comment by ljp0101 on Aug 10, 2022 8:16am
Article pegs NA physical premium at 900/t, 0.40/lb. Well done to our independent directors who seemingly hedged at 0.13/lb, although we won't have a completely clean number from the financials until Q3. Differential works out to the small sum of ~USD50m/year, CAD1.30/unit/year, of operating profit be redirected to Zug. Oops.
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