RE:RE:Expansion Not DilutionThis is true. But the extra 192 million shares were sold for close to market prices and we will now have $230 million to deploy that there will be no interest charges on because it's not debt.
Hopefully management will use the cash wisely to generate more income through enhanced mining operations.
Also most observers are still calling for further zinc tightening. It's now in Glencore's interest to have the stock value increase if they want to unload the shares in 2 years.