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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 > 21 Days to Respond - Tomorrow?
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Post by schocor on Dec 14, 2022 3:24pm

21 Days to Respond - Tomorrow?

The Noranda board has 21 days to respond to the minority shareholders request for a meeting. If my math is right - that woudl mean we are due a response this week. 

There are really only two possibilities - a board meeting to vote on the proposed independant shareholders

Greenmail (a buyoff) of the minority partners - meaning me, you and he shareholders that represent the 20%. 

I am looking forward to voting in favor of the new minority shareholders. Lets get some value out of our $1b smelting asset.
Comment by Bwrbhk on Dec 14, 2022 4:48pm
I think that it may be business day, but not sure.  Also, It is 6 weeks since Noranda announced a 4 to 6 week shutdown to make repairs to the cell house.  
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