Noranda Income Fund Unit NNDIF

RE:RE:RE:RE:Dividend

[Finalsay]

Unfortunately I think we are just going to have to be patient. Smart buyers know this stock isnt moving anywhere too quickly, so they are just letting retail investors capitulate and give-up. Lots of volume waiting in the $1.00 - $1.10 range. Although there is a significant value in NIF at these prices, there's no catalyst that is going to send this stock upwards in the short-term. Why not just wait it out for sellers to come to you? Especially if you factor in the context provided by the top 10 offers in the order book where a buyer would move the price up 10% ($1.1 to $1.21) while only aquiring 7000 shares. Barring any new surpise positive economic variable (ie. zinc prices/futures, zinc tc charges, etc.) I can't see any buyer making a move and taking up the limited offers available. The only incentive to do something like that is in fear of missing out on the price and acting before someone else has the chance. Anyone that follows NIF knows that sentiment does not truly represent NIF right now. It has floated around this range for significant periods in the past, and I wouldn't be surprised to see volume all but disappear after investors finish capitulating and with buyer's waiting it out. Even as prices rise, which they will evenutally, its likely to be a slow grind with waves of investors trying to get out as the whole range from here to $1.50 looks like a massive support/resistance area. Hopefully a couple more positive earnings reports in 2020 will help NIF recover some value by the end of the year.