Did Glencore plc Just Call The Bottom Of The Market?

Having timed the peak of the mining boom to perfection with its flotation in May 2011, Glencore’s (LSE: GLEN) masters of the commodity universe now face a suspended dividends and a rights issue among other actions being taken to shore up its balance sheet. But might they suspect this is as bad as it gets? Here’s why…

To find out the strategies to adopt if you want to become one of the growing number of surprise UK millionaires, read this FREE Motley Fool report: '7 Simple Steps For Seeking Serious Wealth' while it remains available!


Owain Bennallack has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.