Clearly some major scrambling behind the scenes here - if Glencore is nervous signs are ominous for the minnows...that said clearly would take more then a weekend to sort out whatever is happening here, be it refinancing, renegotiations of financing, so a voluntary suspension was odds on anyway. Maybe Noble et al and the banks have called in the debt. Will we survive? Out of the companies hands I would suspect, clearly a quality suite of assets at the wrong time of the cycle and those with deep pockets are invariably the only ones that survive. Good luck to holders.
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Clearly some major scrambling behind the scenes here - if...
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