Is it a bad investment or wise one (longterm)? The asset is still there and a proven one at that. Glencore is the game so they would know a bad investment long before or me would even get a whif of prices, demand, costs etc. They would not have bought it in the last quarter, they would have said lets wait because the bottom will fall out of the SP and then make a bid for it at much lowre price tag.
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Is it a bad investment or wise one (longterm)? The asset is...
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