Incredible Galan!
In just a couple of hours hours, we've witnessed a shift from +7% to -5%.
Well, it turns out our assumption that the offset + financing would trigger a rerate was clearly off the mark.
I'm still puzzled by the situation, but I concur with some voices expressing that there are once again too many unknowns in what was announced.
It seems like a case of "say it all but say nothing." Despite the prominent name (Glencore) associated with it, the details don't really reveal much.
As we await further developments, the uncertainties continue to weigh us down, leading to a regrettable descent.
It's disappointing, as it never fails to let us down, does it?
General Discussion Banter GLN, page-13567
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