Bullboard - Stock Discussion Forum Noranda Income Fund Unit NNDIF

Metals & Mining Industrial Metals & Minerals

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.

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Noranda Income Fund Unit > sell it?

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Post by rjk1234 on Oct 26, 2022 12:00pm

sell it?

Capital expenditures (CAPEX) were $US Million 47, 28.3, 21.8 and 19.6 for 2021, 2020, 2019 and 2018 respectively, for a total CAPEX of $US 116.7 Million over the last 4 fiscal years. Management’s lamentations about the present sorry state of essential production facilities indicates that essential ongoing maintenance was seriously neglected during those years. Is it time for the board of directors to shop for a smelter buyer who would not have to rely on Glencore?

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