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Gold/Mining/Energy : Noranda (TSE;NOR)
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To: TheMajor who wrote (112)12/4/1998 5:39:00 PM
From: reg   of 197
 
Well every day Major our $'s shrink. Would have been further ahead to sell and with the weakness buy back NF and Hunter after the spinoff as they will likely fall in price as well. Loaded up as I thought the NOR shareprice would appreciate as the spinoff date approached. My strategy worked with Ford and Cincinnatti Bell, but they are not resource stocks. I imagine with copper at .68 a pound that NOR will be considering a dividend cut in 6 months or so. Inco did so a while back. A lot of new copper production coming on line in the next several year's. That I do not understand.
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