Noranda Income Fund Unit T.NIF.UN

RE:RE:JP Morgan downgrades Glencore

[stanley]

Edsasha:

I would be inclined to believe that with many of the other commodities in disfavour; Glencore would be MORE inclined to ensure that the NIF Zinc plant succeeds. 

If you follow the Trevali (TV-T) board and Website you would want to study the looming Zinc supply deficit. Highlight of the read include the fact that Trevali has an off-take agreement with Glencore. 

Point being, why would Glencore tale TV production from Caribou (NB) to another plant.

Thus in looking to off-set some of the declining revenue in their non-Zinc products; Glencore MAY be inclined to ensure that they find new sources of Zinc concentrate. This will ensure that their Valleyfield Plant could make up for some of the revenue shortfall from their other product streams.

Also of interest is the fact that as the $0.041xxx monthly distribution continues to be made the PPS also shows signs of strength.

Thus if we read the TD commentary and the scholars on this board, we may conclude that (as some here has predicted) Glencore is allegedly looking to make a take out of this "cash-cow".

BWDIK?

Cheers
Stanley