InvestorsHub Logo
Followers 605
Posts 18331
Boards Moderated 0
Alias Born 02/23/2010

Re: gm99 post# 198

Thursday, 02/18/2016 9:29:24 PM

Thursday, February 18, 2016 9:29:24 PM

Post# of 251
the downstream part NORN is on page 12. Does $555M in rev and $60M profit annually. They are selling this. That should bring in $300M I say.

http://investor.norandaaluminum.com/phoenix.zhtml?c=220051&p=irol-presentations

$700M in rev will be left with NORN as an alumina manufacturer.

creditors don't want to lose the $300M in NOLS so they will let the common stock stay.

The first $300M in profit will be tax free and the creditors will get paid back much faster.

Penny Stock Analyst, not licensed, but may as well be...