OTCPK:NNDIF - Post by User
Comment by
ZincDink1on Nov 08, 2019 12:18pm
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Post# 30327944
RE:The No Income Fund
RE:The No Income FundI like it - No Income Fund. I suspect we will get the same token divy as last year.
Whats more troubling is we still haven't seen a reversal yet in the asset impairment test. How much did they write the plant down? Was it 100 M$? This is for a plant that would cost over 1 B$ to build and is certainly worth 500 M$ (cripes, the land alone should be worth the current price).
I agreee we will never receive fair value (which is more than $ 10/sh), but we should do significantly better. Meanwhile, Glencore will use our dividends to upgrade the plant to its liking then make a generous offer 30 % over the 30 day average (which would currently be todays price).
If only Carl Ichan was Canadian.