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Gold/Mining/Energy : Noranda (TSE;NOR) -- Ignore unavailable to you. Want to Upgrade?

To: Method who wrote (92)9/15/1998 10:51:00 AM
From: reid brandon  Read Replies (1) | Respond to of 197
 
I hope that the spin-off doesn't reduce dividend. But of more concern is that NOR is looking to buy a mine in Australia. Announced today: "Savage Resources shares sprinted to a five month high of 78 cents amid now familiar takeover talk and a drilling update from its Red Legs prospect in Western Australia. Canada Noranda Inc. mentioned as one of the bidders..." see yahoo: biz.yahoo.com
Any comments on this potential to add to bottom line in future for NOR? How about costs up front? Maybe they are spending the $ they had set aside for the now scrapped US smelter deal.
Reid. (Long on Nor)



To: Method who wrote (92)10/9/1998 4:34:00 PM
From: reid brandon  Read Replies (2) | Respond to of 197
 
Yes NOR announced that the dividend would be reduced to C.60 but look at the volume - 480K shares - someone is buying. This baby sure bounced back today. If copper ever rallys NOR will certainly pop.


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