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Strategies & Market Trends : John Pitera's Market Laboratory
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To: The Ox who wrote (17292)11/4/2015 7:38:12 AM
From: The Ox1 Recommendation

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John Pitera

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Glencore said it expects net debt to fall to $25B by the end of the year from $29.6B at June-end, in one of the first official updates from the company since its share price plummeted in September. The firm also revealed it was working on a second so-called streaming deal – selling the long-term rights to buy precious metal in return for an upfront payment - and reiterated guidance for its trading arm, the company's main cash generator. Glencore ( OTCPK:GLNCY) shares rose 6% on the news in London, but have fallen almost 60% YTD.
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