RE:RE:RE:Glencore is burying TV. I agree with you 100% except that they didn't know the price would drop. I agree that covid messed up everything but the writing was on the wall that we will have a short term price drop not to the extent that I went but I think covid actually helped accelerate the process wich was good in a way. They don't have analysts working at the company to kind of predict the market ? They don't have access to Glencore data ? They own the market ... They made very bad decisions in terms of hedging and they lacked long term view. They had the money and they squandered it Mining companies always do that !! Unreal !!
I like the new CEO and the direction he is taking the company I like that he is trying to lower the AISC for all its worth they should also look at bi production and try to bring in one or 2 metals (major production) not to be only a zinc play.
just my 2 cents