Share Investment, Discussion & Tips

[AtW]

Glencore...

[AtW]

Glencore shares obliterated after analysts warn they could be worthless - Telegraph

Glengore...

[wantacontract]

yikes!!

[mudskipper]

hmmmm

[BlasterBates]

The directors are about pay $550 million for "worthless" shares

Glencore executives buy $550 million of new shares - Business Insider

why ?

[AtW]

The directors are about pay $550 million for "worthless" shares

Glencore executives buy $550 million of new shares - Business Insider

why ?

Because they are dumb?

"The shares are priced at 125 pence each"

Market price is now what, 70 pence? And they are buying for 125, just pretty much shows how well they make decisions for the company.

MF will post epic CUK thread when he bottles it and sells at a loss at around 10 pence per share...

[Andy2]

The directors are about pay $550 million for "worthless" shares

Glencore executives buy $550 million of new shares - Business Insider

why ?

about to buy?
but have they actually bought ?

[FatLazyContractor]

MF will post epic CUK thread when he bottles it and sells at a loss at around 10 pence per share...

And tell us that he made a profit

[Andy2]

I had bought on the basis that at the end of the day , a mining company have solid assets in the form of metal in the grounds and will never go bust.

it turns out any company can go bust if they have incompetent management.

[DimPrawn]

I had bought on the basis that at the end of the day , a mining company have solid assets in the form of metal in the grounds and will never go bust.

it turns out any company can go bust if they have incompetent management.

Any company that has big debts can go bust. They have over £20bn of debt.