Noranda Income Fund Unit T.NIF.UN

RE:RE:RE:RE:RE:Noranda BOD needs to go!!!!!

[Bigbird999]

terrycarter.....I totally get your frustration.  But when you consider that Glencore controls every aspect of the operation from providing the feed material to marketing the products and that the entire management team are employees of Glencore, it is not surprising that their words and actions promote the interests of Glencore.  The only thing Glencore does not have control over is the $18 million in dividends that are paid to you and me and the ~$15 million in treatment charges that they are forced to forego because of the original supply agreement that was put in place in 2002.  This really pisses them off. 

The last blog link that you posted regarding the risk level of this stock makes a total of 3 very positive reviews done by analysts...This one, the in depth one on seeking alpha a couple of weeks ago and the TD analysis.  All 3 say the same thing ....Continued dividends, huge upside potential and a worst case of $4 - $5 in the unlikely event that they decide to close the plant.  I have not seen any negative reports except from the management team who are employed by Glencore. When I add these to my personal knowledge gained over an entire career spent in the zinc refining business, I see nothing buta  very positive outcome for patient unit holders.

I believe that our patience and willingness to take a longer view than today's stock price will be rewarded.  Sometime in the next 2 years an offer will come to buy our shares at something like $5 or $6.  I hope it is not too soon because I am loving the >20% dividends (my average cost is $2.51) that I collect every month.

The next milestone event is the AGM in mid May.  It will be interesting to see how they try to spin all their negative language and the writedown in the face of the 2014 results, the 2015 guidance and what promises to be a pretty good Q1, especially if a few of the larger share holders or analysts ask some hard questions like they did on the last conference call.  I plan to be there to watch the fun....

BB