Glencore shares tumble on concerns over commodity prices

September 28, 2015

Share market sheds $56 billion as commodities tank; Glencore crash shakes resources

“Despite carnage for local mining and energy stocks, nothing in Australia matched Glencore’s near 30 per cent plunge in London overnight and a matching slump in Hong Kong on Tuesday.”

March 27, 2014

A Nasty Corporate Divorce With Insults Traded

June 8, 2015

Rothschild sells Asia Resource Minerals stake

GW:  Jac Nasser he is not.  The trouble with Glencore is that “with less than $US3 billion in cash and roughly $US30 billion of debt on its balance sheet it has “always held very little cash on the sidelines relative to the size of its business operation for a rainy day”.”

Thanks to UK Column for the heads up about Glencore. 

UK Column News 30th September 2015 Pt 1of3

Full Sweat available at GeorgeGreekTrucker

The takedown of Glencore and Volkswagen

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