Metals - Too early for a value play ?

Yep, def a little frustrating. We’ll have to try meeting up again maybe in September or October. I’m a little swamped right now.

anyone get inside from icahn?

^^^^

Maybe he’s not even expecting a rebound at all and will just cut costs, reorganise and sell at a profit.

From the papers today, Capital Economics mentions that some copper mining groups / divisions are already operating at losses, which should have consequences on the supply in the mid-term.

Then BNP expects the Copper oversupply to last through 2016, Deutsche Bank through the next 3 years.

yes. far too early. 10 years minimum.

lolz

http://www.bloomberg.com/news/articles/2015-09-28/glasenberg-loses-500-million-in-one-day-on-glencore-share-drop

Aside from Glasenberg, that was a real earthquake in Glencore´s share price yesterday. If they´re able to sell (part of) the agricultural division to reduce debt, it can be a BUY now. Or maybe take a 2Y bond with 18% YTM…

BS > WB

http://bloom.bg/1OarVcZ