Noranda Income Fund Unit T.NIF.UN

RE:RE:RE:RE:RE:Expectations

[VerusSemperSors]

HA20200 wrote: Certainly,  This topic has discussed on here many times, so i will just provide a few examples.
In terms of representing shareholder interests, a very poor job.
With holding negociated treatment charge information from shareholders.
Creating a strike situation that accomplished nothing,
Throwing away the opportunity 2 years ago to threaten to put the smelter on care and maintenance and force a reasonable TC.
Using examples of 20$ chinese smelter TC's (spot price) to justify accepting a TC of about 80 dollars last year. (benchmark TC's are  higher than spot and are the accepted basis of comparison)

If you would like some very good information on numbers and situation concerning NIF, read back through BB's post for the last 2 years. 
Generally the posters here have interesting ideas and decent observations, all the longs here have come respect BB's posts as they are well informed and very valuable.
It may take you an hour or two....but it will be well worth your time.

I made an attempt about 1 year ago to confirm that when business conditions improved NIF would benefit accordingly. 

A NIF exec called me and took my questions by phone. He had some encouraging words at that time with respect to the higher zinc price being paid to them combined with a relatively low inventory cost due to old inventory being processed and sold at more recent higher prices. That was good to hear. 

But after some back & forth my questions finally boiled down to this "If the zinc market becomes positive for NIF is there any reason to believe that NIF & it's shareholders will actually benefit or will Glencore simply take the profit for itself leaving just enough for NIF to allow operations to continue there?" The only answer I could get to that & previous related questions was "You're asking the right questions". I took little comfort from that answer. Has anyone got a better answer to similar questions since?