Noranda Income Fund Unit NNDIF

Where are Eric and Bigbird?

[ZincDink]

Where are Eric and Bigbird?

[Eric1212]

I just saw the drop, thanks to Simply Wall Street portfolio update... That is a VERY VERY poor asset management from Glencore, the bord should stop trusting them NOW...   At under 20 M CAD of market value, i'm about to ask a loan to Investment Qubec / Fonds FTQ / Fondaction (CSN) for buying a big chunk of NIF !   At this time, my private compagny, Boucherie JC Fortin takes

[Scotch12]

Does anyone know if Glencore would have to agree to them going to the market to do a secondary to raise money for the repairs.  Presumably that would dilute their position like the rest of the shareholders.  I don't imagine that Glencore would like that. That is a very nice looking butcher shop you have Eric.  4.9 on Google reviews which is outstanding.  I will drop by if

[Eric1212]

I also think that realeasing new share could be a solution. Would both give money and reduce Glencore power. BUT, a good relation with banks could also provide the money... Or worse, Glencore could create a new "BaseCore"... PS: Glencore no longer own BaseCore...

[ZincDink]

Look what the Australian government did. https://www.nyrstar.com/resource-center/press-releases/new-electrolysis-plant-to-secure-future-of-zinc-refining I am sure we can count on our government to invest in NIF