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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 > Better days ahead
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Post by Deev86911 on Jan 09, 2023 10:36am

Better days ahead

I believe Glenncore is losing its grip on this asset. Once we get the board aligned with the shareholders, I believe this company will be back on track, and the share prices will start climbing. This stock is a four to 5 dollar stock in the divvy will be back in play at minimum producing .024, and above. So we just need to be strong throughout this little rally.
Comment by Scotch12 on Jan 09, 2023 4:23pm
It states in the PR,  "In March, 2022, the independent committee engaged Paradigm Capital as financial adviser to the independent committee and the fund in connection with the potential privatization transaction. "  Why were shareholders not told about this by CEZ management (Glencore), the independent board or by  Paradigm? Clearly, this was material. The share price was ...more