Noranda Income Fund Unit NNDIF

We are Officially in Trouble - Todays NR

[schocor]

Well, we are officilally in trouble. If you didnt see todays new release you should. 

TIme to cut and run I believe. The plant of falling apart and we dont have money to fix it. NO bueno

[ZincDink]

This seems unbeliviable. During the best condistions for production, suddenly the plant falls apart. I will wait for the lawsuit. This is deliberate sabatogae by GC

[ZincDink]

"Although lower production levels are having a negative impact on our overall profitability, the current positive market conditions are providing an important level of financial support during this period,” Sp the f wads knew and decided to bite the bullet now. Well just time for another criminal probe of GC

[Bwrbhk]

I agree, they just spent $48 million to fix up the front end of the plant and expand capacity and now tell us that they may need another $100 million to replace the cell house equipment.  There is no way that they did not know that this would not happen unless the operators are totally incompetent, which in any case is probably true.  GC are a bunch of crooks looking to snap up this

[ZincDink]

No, they will have the money to fix it...they won't have money to pay out dividends like they should for the forseeable future. How much has been invested in the last decade upgrading the plant? 80 M$? Now they need another 100 M$? Well, lets see if we can break 90 cents tomorrow. Sometimes bad news was baked into a stock price, and the bad news isn't as bad as expected and you get an

[scarface9]

Down 55%. Wow

[rjb1954]

When everyone else becomes fearful, I get greedy. Warren Buffett