TNC
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4.00% 5.2¢ true north copper limited

This very much reminds me of Glencore investments during the...

  1. tablelander001
    61 Posts.
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    29/01/24
    13:28
    Post #: 72110693
    This very much reminds me of Glencore investments during the 2007 copper boom. They locked in exclusive offtake agreements with forward funding. Companies took the money and spent it, then Glencore called in the margin debt and shut many mines down. There is no risk for Glencore in this deal as they will earn toll treatment charges and effectively have total control of product.
    TNC Price at posting: 9.4¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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