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Gold/Mining/Energy : Noranda (TSE;NOR)

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To: glen who wrote (36)1/29/1998 12:13:00 PM
From: TheMajor  Read Replies (1) of 197
 
Howdy stranger!
Well, I don't just hold AGU, you know! I cover the spectrum, or at least try to, in the hopes of coming out with a reasonably satisfactory increase in the bottom line over time.
I've held NOR for a while, saw it go to $C33, thought the world was forever blue, and watched it slide to $C 21 +/- just as quickly. It's in my taxable account, so I get 4% dividend, plus capital gain (occasionally!) and it just seems to me to be an outfit worth holding. I must confess I thought a shift to commodity stocks would have taken place sooner, and that added to my interest in continuing to hold NOR. I suspect matters can only improve with NOR investing its proceeds from Norcen, NF et al into other metals companies such as FL. Also, I don't expect any change to the dividend. ( In the meantime, and off topic, I'm encouraged by AGU.)
Nice talking with you again.
Kind regards
TM
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