Noranda (TSE;NOR) Message Board

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

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To: valg who wrote (143)	2/24/1999 12:16:00 PM
From: Moneysmith	Read Replies (1) of 197

This proposal basically negates all the good will created in the last two years. The simplification of Noranda was welcomed by shareholders and analysts on both sides of the border. This proposal entrenches Edperbrascan's control position at no cost to them. The argument that a subdivision of shares will facilitate acquisitions does not stand up to scrutiny. The shares have fallen over $1.00 and the institutions are registering their disappointment. If Noranda is smart they will table this ill conceived idea; however the damage has been done.

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