RE:RE:Might as well look aheadI mean, there's no way that scenario would ever occur.
Even in your absolute worst-case scenario, Glencore would almost certainly simply regain control of its assets that it had sold to Trevali through bankrupcy proceedings.
Whether they could do anything with it is another story, of course.
Now, that being said, they'd likely have to share at least some of the partakings with other debt holders, so I expect if it really came down to it, Glencore would simply make a buyout offer and retake what they had sold to Trevali at pennies to the dollar. Of course, given that the sale itself was largely driven through shares, they'll not be able to recoup that part - but a pretty sizable chunk was in cash.