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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 > Great opportunity to average down
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Post by RetiredSteelMan on Oct 20, 2022 3:22pm

Great opportunity to average down

News is obviously not good but a lot of people are selling at any price.  I picked up enough shares to double my holdings at 0.35.
average price now under 1.25.
i can afford to wait this one out.
even if GC make an offer it 'll have to be greater than my new cost.
Goodcluvk to all longs. Ok
Comment by wizthewiz on Oct 20, 2022 5:23pm
Yes, likely a good choice--there might be a bounce but long-term this will either get purchased (stolen) by Glencore or it will rally back to  $2 over a year or two and even more is Zn ever recovers. I tried to purchase but am not able as I am on the US side. BOL
Comment by ZincDink on Oct 20, 2022 5:52pm
NNDIF on us side
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