DRYBLOWER

Dryblower: What goes up, must come down

REMEMBER that when applying for shares in Glencore's great coal float, Enex Resources. For the past two years the price of coal has been rising. With it has gone the value of Glencore's extensive coal holdings in Australia and South Africa.

Dryblower

What a surprise (not) that Glencore should decide that now is a good time to sell a large slice of its coal assets to the investing public. According to one calculation, Glencore's profit from the sale...

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