GlencoreThe missteps of PBM mgmt are finally catching up. In 2012, copper was USD $3.50, gold USD $1550 etc. Today, prices are falling with no end in sight. Glencore, the world's second largest mining co reported horrific results that resulted in their stock dropping 29% today! This isn't a thinly traded junior like BKM, this is a multi billion dollar mega company.
Instead of pointing at the court case and running his mouth like a hammerhead, John could have been proactive and created value. No mining firm will buy a junior until the price of copper rebounds and builds a new base, which will be two or three years out at best.
What is the board doing on behalf of shareholders? We know mgmt is stuck in the 1980s, so why isn't the board acting up and putting an end to this passive management of doing nothing at all?