Not looking goodBuying the last little while on the recent Glencore & financing developments. I knew, without question, that the asset was phenomenal. I also knew that the management team at F&M are the absolute worst in the business. Even with that knowledge I figured with Glencore and other serious companies would get this project headed in the right direction.
Shame on me for that conviction, and anyone else who felt the same way. It appears this was just another case of false hope, ultimately culminating in Stan's @ss to kiss. Well, at least AAB, SMC, and the rest of the F&M funhouse probably got to unload their shares to unsuspecting investors to use those proceeds for management compensation and bonuses.
Really thought Black Iron was going to be the exception. Never say never, but it looks like management has another "win" to add to their column. Well-played, Mr. Bharti.