Noranda Income Fund Unit NNDIF

RE:RE:Scenario #5 NIF buys out Glencore

[opta1]

My thought is that NIF buyout the 25% share of Glencore (about 10 million units) for say $3.00 per unit or about $30 million while at the same time getting the extension on the supply agreement which could be paid partially as an upfront payment.  Glencore needs cash and may be on the ropes.  NIF is making money but Glencore gets none of it.  Glencore tried to buy us out when things were quite difficult so we should now return the favour.  The units could be cancelled, the distrbution reduced to pay off the debt incurred and a more stable environment created which would enhance the share price.