Follow The Money, page-667

forged

Fire sale

I think Glencore may be in a bit of trouble. With over 30 billion debt and some say 50billion and about 15 billion in total to pay it off. They are having a fire sale but given how far base metals and resources have fallen they will only get pennies on the pound for the assets if they are forced to sell and they are forced to sell because of the debt.

BHP has said it is not interested in buying their Australian holdings. Who would no if that is earnest or not but Glencore's rivals wont be trying to help it with its debt.