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Re: gm99 post# 204

Thursday, 02/18/2016 2:25:23 PM

Thursday, February 18, 2016 2:25:23 PM

Post# of 251
creditors here are allowing for the sale of the downstream business which would leave just the smelting plant, a mine, and a refinery.

I don't think the creditors want stock in that. They want the downstream to be sold and that money used as exit financing.

NORN will stay the same as a smaller and leaner business producing aluminum, not aluminum products. There are $300M in NOLS here worth $100M as a tax asset.

http://www.salisburypost.com/2016/02/17/noranda-likely-to-sell-downstream-business/

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