Long time before 0.88c?? They were 100c in April this year.
Your NTA is correct at June . So you feel 1.3 times NTA is reasonable?
Considering the past year was one of the worst for production due to maintenace and floods. Glencore do no favours to anybody as shown by late 2008 when a large chunk of the company was acquired by underwriting the rights issue at 30c.
Very low premium for VWAP last year. I dont doubt they will get their shares when greed instead of fairness has its way.
glencore offer predatory and opportunistic, page-15
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| Open | High | Low | Value | Volume |
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