Noranda Income Fund Unit NNDIF

RE:Earnings out

[schocor]

not currently an owner of noranda. 

these earnings are not very mich to look at. i believe the future looks better than the last quarter with a tc rise and the north american premium for physical zinc. our energy needs are met and that kind of thing is in short sipply in the zinc refining industry. 

glencore sure manages to suck any profit out of this comoany with their derivites trades dont they. i mean we all know which company gains on derivites when trade noranda loses. add them up over the 5 years i have been following the comoany and you will shake your head. 

hope these crummy earnings give me an opportunity to buy over the next month.