Noranda Income Fund Unit NNDIF

Still Waiting for a time to Buy

[schocor]

I have watched this stock for years now and never bought. I keep reading the quarterly statements, looking at the fast markets zinc treatment charges forecasts waiting for a good time to buy. Glencore, basecor are stealing this company from shareholders in my opinion, but they do seem to rely on the smelter quite heavily. I sometimes think this company can go bankrupt but I am quickly reminded of its strategic importance to Glencore. That being said, 2021 does not look very encouraging for zinc concentrates. I guess I will just keep watching and check in. This thing has the potential to turn 4X very quickly in the right environment.

[ZincDink1]

Actually, 2020 was looking very good as TC near all time highs, takeover lawyer sitting on the board. Was expecting this pig to sell for between 150 to 200 MUSD, about a fifth of replacement and 1/3 of true value. Covid killed this of course. Was the spot TC a monumental screw up by the board or is GC only going to offer spot TC? Trevali says it thinks 200 TC is 2021, so I suspect we will get