Noranda Aluminum Holding Corp. (NORNQ)

[VortMax]

with this company as of the last quarter there is about 700M in actual financed debt, and $1.2B in assets.

the rest of the liabilities is a mix of pension,tax, etc. those things can be worked out.

if the $700M in debt wants their money, its in the best interest of them here to let the company remain in tact as is because aluminum is on its way up in price for the forseeable future.

In fact, this company should be netting $100M per year shortly.

There are $300M in NOLS here, which is worth $100M in tax benefit.

If the lenders take stock here and wipe the commons, they lose that.

These lenders will get paid back in 5 years if they just let it ride.