Noranda Income Fund Unit T.NIF.UN

RE:RE:Q1 Earnings

[Northforce13]

Dude... oO

On the derivatives, based on all their derivative activity from 2002 to 2017, they lost an average of 1.2 mil per year.  This means that they don't, on average, lose tons and tons of money with this activity, it just bounces up and down a lot.

Most posters on this forum will disagree with me, but based on my research the management of the fund has acted responsibly and conservatively.  I didn't find anything egregious, and often management decisions seemed to be in sync with what I would have done if I were them.  Everyone has different opinions about the same thing, so it's normal for many posters to think management is bad because management doesn't run the fund exactly like that poster thinks they should.  

I don't think the share price is going to go down tomorrow, nor the month nor the year after that.  I think it is going to go UP tomorrow, up the week after and and up the month after and up the year after.  This is based on my belief that enough investors still know how a calculator works and can do the basic math on how much money Noranda is going to be earning in the future. 

For those that can't, they can read posts from people like me, who can -)

Going to be interesting times!

GLTA